150,434 Shares in Park Aerospace Corp. $PKE Purchased by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC acquired a new stake in Park Aerospace Corp. (NYSE:PKE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 150,434 shares of the semiconductor company’s stock, valued at approximately $3,060,000. Essex Investment Management Co. LLC owned 0.76% of Park Aerospace as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PKE. BNP Paribas Financial Markets increased its holdings in shares of Park Aerospace by 50.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 726 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Park Aerospace during the first quarter worth $52,000. First Horizon Advisors Inc. increased its holdings in shares of Park Aerospace by 179.0% in the second quarter. First Horizon Advisors Inc. now owns 3,596 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 2,307 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Park Aerospace by 241.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 3,024 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Park Aerospace by 161.0% during the 2nd quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company’s stock worth $69,000 after buying an additional 2,890 shares during the last quarter. 77.83% of the stock is owned by institutional investors and hedge funds.

Park Aerospace Trading Up 1.8%

NYSE PKE opened at $24.76 on Tuesday. The company has a market cap of $493.47 million, a price-to-earnings ratio of 57.58 and a beta of 0.31. The company has a 50 day moving average of $22.51 and a 200-day moving average of $20.30. Park Aerospace Corp. has a 1-year low of $11.97 and a 1-year high of $26.12.

Park Aerospace (NYSE:PKE) last posted its quarterly earnings data on Tuesday, January 13th. The semiconductor company reported $0.15 EPS for the quarter. The firm had revenue of $17.33 million for the quarter. Park Aerospace had a return on equity of 9.28% and a net margin of 13.14%.

Park Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 4th. Investors of record on Friday, January 2nd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.50 annualized dividend and a yield of 2.0%. Park Aerospace’s dividend payout ratio is currently 116.28%.

Analysts Set New Price Targets

PKE has been the topic of several research analyst reports. Wall Street Zen raised shares of Park Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings lowered Park Aerospace from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Park Aerospace Profile

Park Aerospace (NYSE: PKE) is a specialized materials and manufacturing company that designs, develops and produces high-performance composite structures, engineered laminates and specialty adhesives for aerospace, defense and industrial markets. Its product portfolio includes advanced honeycomb cores, composite assemblies, dielectric and high-reliability circuit materials, as well as structural and bonding solutions that meet demanding performance and weight requirements.

The company operates through two principal segments.