Park Aerospace (NYSE:PKE) Stock Crosses Above 200 Day Moving Average of $14.97

Park Aerospace Corp. (NYSE:PKE) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.97 and traded as high as $15.25. Park Aerospace shares last traded at $15.22, with a volume of 138,073 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Park Aerospace from a “buy” rating to a “hold” rating in a research report on Friday, January 12th.

Park Aerospace Stock Performance

The stock has a fifty day moving average of $15.33 and a 200 day moving average of $14.97. The company has a market capitalization of $308.21 million, a P/E ratio of 32.38 and a beta of 0.45.

Park Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 2nd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, April 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.29%. Park Aerospace’s payout ratio is currently 106.38%.

Institutional Investors Weigh In On Park Aerospace

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Park Aerospace in the third quarter worth approximately $124,000. Copeland Capital Management LLC bought a new position in Park Aerospace in the 3rd quarter worth $33,000. Roubaix Capital LLC boosted its holdings in Park Aerospace by 4.0% in the 3rd quarter. Roubaix Capital LLC now owns 429,926 shares of the semiconductor company’s stock worth $6,677,000 after buying an additional 16,460 shares during the period. Cable Hill Partners LLC purchased a new stake in Park Aerospace in the 3rd quarter worth $208,000. Finally, Nisa Investment Advisors LLC raised its holdings in Park Aerospace by 1,546.8% during the third quarter. Nisa Investment Advisors LLC now owns 14,492 shares of the semiconductor company’s stock valued at $225,000 after acquiring an additional 13,612 shares during the period. 77.83% of the stock is owned by hedge funds and other institutional investors.

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.