Martingale Asset Management L P Purchases 2,102 Shares of Park Aerospace Corp. (NYSE:PKE)

Martingale Asset Management L P grew its holdings in shares of Park Aerospace Corp. (NYSE:PKE) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,324 shares of the semiconductor company’s stock after acquiring an additional 2,102 shares during the period. Martingale Asset Management L P owned 0.12% of Park Aerospace worth $356,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Private Advisor Group LLC grew its stake in Park Aerospace by 15.4% during the fourth quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company’s stock worth $257,000 after purchasing an additional 2,335 shares during the period. Geode Capital Management LLC grew its position in shares of Park Aerospace by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company’s stock worth $5,502,000 after buying an additional 5,491 shares during the period. JPMorgan Chase & Co. grew its position in shares of Park Aerospace by 295.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,713 shares of the semiconductor company’s stock worth $504,000 after buying an additional 28,924 shares during the period. Barclays PLC lifted its position in shares of Park Aerospace by 295.7% during the 3rd quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock valued at $335,000 after acquiring an additional 19,213 shares during the period. Finally, FMR LLC boosted its stake in Park Aerospace by 26.3% during the third quarter. FMR LLC now owns 26,336 shares of the semiconductor company’s stock worth $343,000 after acquiring an additional 5,492 shares in the last quarter. 77.83% of the stock is owned by institutional investors.

Park Aerospace Price Performance

Shares of Park Aerospace stock opened at $12.94 on Monday. The business has a 50-day simple moving average of $13.61 and a 200 day simple moving average of $14.13. Park Aerospace Corp. has a one year low of $11.96 and a one year high of $15.57. The firm has a market capitalization of $257.83 million, a price-to-earnings ratio of 35.94 and a beta of 0.36.

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

Park Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $0.50 annualized dividend and a yield of 3.86%. Park Aerospace’s payout ratio is 138.89%.

Wall Street Analysts Forecast Growth

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.