Royce & Associates LP Grows Stock Holdings in Park Aerospace Corp. (NYSE:PKE)

Royce & Associates LP grew its stake in Park Aerospace Corp. (NYSE:PKE) by 55.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 579,151 shares of the semiconductor company’s stock after purchasing an additional 207,478 shares during the period. Royce & Associates LP owned approximately 2.91% of Park Aerospace worth $8,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Park Aerospace by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 208,834 shares of the semiconductor company’s stock worth $3,059,000 after buying an additional 887 shares during the last quarter. Townsquare Capital LLC boosted its position in shares of Park Aerospace by 8.3% during the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock valued at $212,000 after acquiring an additional 1,248 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Park Aerospace by 15.4% in the fourth quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company’s stock valued at $257,000 after purchasing an additional 2,335 shares during the period. Oppenheimer Asset Management Inc. increased its position in Park Aerospace by 23.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock worth $239,000 after purchasing an additional 3,507 shares during the last quarter. Finally, Foundation Resource Management Inc. raised its stake in Park Aerospace by 0.8% during the fourth quarter. Foundation Resource Management Inc. now owns 469,278 shares of the semiconductor company’s stock worth $6,875,000 after purchasing an additional 3,519 shares during the period. Institutional investors and hedge funds own 77.83% of the company’s stock.

Park Aerospace Trading Up 1.2 %

NYSE PKE opened at $13.63 on Wednesday. The stock has a fifty day simple moving average of $14.12 and a 200-day simple moving average of $14.14. Park Aerospace Corp. has a twelve month low of $11.96 and a twelve month high of $16.96. The stock has a market cap of $271.50 million, a PE ratio of 37.85 and a beta of 0.40.

Park Aerospace (NYSE:PKE) last announced its earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. Park Aerospace had a return on equity of 7.02% and a net margin of 11.90%.

Park Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Wednesday, April 2nd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 3.67%. Park Aerospace’s dividend payout ratio (DPR) is presently 138.89%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Park Aerospace from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd.

About Park Aerospace

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.