Portolan Capital Management LLC Invests $4.98 Million in Park Aerospace Corp. $PKE

Portolan Capital Management LLC bought a new position in shares of Park Aerospace Corp. (NYSE:PKE) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 245,035 shares of the semiconductor company’s stock, valued at approximately $4,984,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BNP Paribas Financial Markets lifted its position in Park Aerospace by 50.0% during the second 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. Strs Ohio acquired a new position in shares of Park Aerospace in the third quarter valued at approximately $75,000. Jones Financial Companies Lllp bought a new position in shares of Park Aerospace during the first quarter worth approximately $52,000. Tower Research Capital LLC TRC increased its stake in shares of Park Aerospace by 241.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock worth $63,000 after purchasing an additional 3,024 shares during the period. Finally, Legal & General Group Plc lifted its holdings in 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 purchasing an additional 2,890 shares during the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

Park Aerospace Stock Performance

NYSE:PKE opened at $26.76 on Friday. The company has a market cap of $533.25 million, a price-to-earnings ratio of 62.22 and a beta of 0.29. Park Aerospace Corp. has a fifty-two week low of $11.97 and a fifty-two week high of $29.60. The stock has a fifty day moving average price of $25.16 and a 200-day moving average price of $21.63.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings results on Tuesday, January 13th. The semiconductor company reported $0.15 EPS for the quarter. The company 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 announced a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, April 2nd. Park Aerospace’s dividend payout ratio (DPR) is currently 116.28%.

Analyst Ratings Changes

PKE has been the subject of several recent research reports. Wall Street Zen upgraded Park Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings upgraded Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Park Aerospace has a consensus rating of “Buy”.

Park Aerospace Company 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.