Fiduciary Alliance LLC Makes New Investment in Park Aerospace Corp. $PKE

Fiduciary Alliance LLC bought a new position in shares of Park Aerospace Corp. (NYSE:PKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,648 shares of the semiconductor company’s stock, valued at approximately $172,000. Fiduciary Alliance LLC owned about 0.06% of Park Aerospace as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Park Aerospace during the first quarter worth about $814,000. D. E. Shaw & Co. Inc. increased its position in shares of Park Aerospace by 62.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 54,659 shares of the semiconductor company’s stock worth $801,000 after acquiring an additional 20,997 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Park Aerospace during the first quarter worth about $450,000. BNP Paribas Financial Markets purchased a new stake in shares of Park Aerospace during the fourth quarter worth about $47,000. Finally, Northern Trust Corp increased its position in shares of Park Aerospace by 4.6% during the fourth quarter. Northern Trust Corp now owns 173,657 shares of the semiconductor company’s stock worth $2,544,000 after acquiring an additional 7,609 shares during the last quarter. 77.83% of the stock is owned by hedge funds and other institutional investors.

Park Aerospace Stock Performance

Shares of NYSE PKE opened at $19.03 on Friday. Park Aerospace Corp. has a 1 year low of $11.97 and a 1 year high of $20.72. The firm has a market cap of $377.84 million, a price-to-earnings ratio of 55.96 and a beta of 0.45. The stock’s 50-day simple moving average is $18.44 and its 200-day simple moving average is $15.32.

Park Aerospace (NYSE:PKE) last announced its earnings results on Tuesday, July 15th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter. Park Aerospace had a return on equity of 7.60% and a net margin of 10.98%.The business had revenue of $15.40 million for the quarter.

Park Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 1st will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 1st. Park Aerospace’s payout ratio is currently 147.06%.

Park Aerospace Company Profile

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.