Legato Capital Management LLC Buys New Stake in Park Aerospace Corp. $PKE

Legato Capital Management LLC purchased a new position in shares of Park Aerospace Corp. (NYSE:PKE) in the 3rd quarter, Holdings Channel reports. The firm purchased 43,416 shares of the semiconductor company’s stock, valued at approximately $883,000.

A number of other institutional investors also recently made changes to their positions in PKE. Brandes Investment Partners LP boosted its stake in shares of Park Aerospace by 4.1% during the second quarter. Brandes Investment Partners LP now owns 3,001,732 shares of the semiconductor company’s stock valued at $44,336,000 after acquiring an additional 118,384 shares during the last quarter. Foundation Resource Management Inc. raised its stake in Park Aerospace by 1.7% in the 3rd quarter. Foundation Resource Management Inc. now owns 500,493 shares of the semiconductor company’s stock valued at $10,180,000 after purchasing an additional 8,596 shares during the last quarter. Roubaix Capital LLC raised its stake in Park Aerospace by 6.5% in the 3rd quarter. Roubaix Capital LLC now owns 454,642 shares of the semiconductor company’s stock valued at $9,247,000 after purchasing an additional 27,856 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Park Aerospace by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company’s stock valued at $6,489,000 after purchasing an additional 7,342 shares in the last quarter. Finally, Palisades Investment Partners LLC acquired a new stake in shares of Park Aerospace during the 3rd quarter worth about $5,904,000. 77.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PKE has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Park Aerospace from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 23rd. Wall Street Zen upgraded Park Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Park Aerospace has an average rating of “Hold”.

Park Aerospace Stock Performance

PKE opened at $28.71 on Wednesday. Park Aerospace Corp. has a 1 year low of $11.97 and a 1 year high of $29.60. The company’s 50 day simple moving average is $24.21 and its 200 day simple moving average is $21.17. The stock has a market capitalization of $572.19 million, a PE ratio of 66.77 and a beta of 0.29.

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

Park Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 4th. Investors of record on Friday, January 2nd were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, January 2nd. Park Aerospace’s dividend payout ratio (DPR) is 116.28%.

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.