Kennedy Capital Management LLC Has $2.06 Million Stake in Park Aerospace Corp. (NYSE:PKE)

Kennedy Capital Management LLC lifted its stake in shares of Park Aerospace Corp. (NYSE:PKE) by 1.0% during the fourth quarter, Holdings Channel reports. The fund owned 140,499 shares of the semiconductor company’s stock after buying an additional 1,361 shares during the quarter. Kennedy Capital Management LLC’s holdings in Park Aerospace were worth $2,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC increased its stake in 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 in the last quarter. Geode Capital Management LLC boosted 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 purchasing an additional 5,491 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Park Aerospace by 295.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,713 shares of the semiconductor company’s stock valued at $504,000 after buying an additional 28,924 shares during the period. Barclays PLC increased its position in Park Aerospace by 295.7% in the 3rd quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock valued at $335,000 after buying an additional 19,213 shares in the last quarter. Finally, FMR LLC raised its stake in Park Aerospace by 26.3% during the 3rd quarter. FMR LLC now owns 26,336 shares of the semiconductor company’s stock worth $343,000 after buying an additional 5,492 shares during the period. 77.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Park Aerospace Stock Up 1.1 %

Shares of PKE opened at $12.94 on Monday. The business’s fifty day moving average is $13.61 and its 200 day moving average is $14.13. Park Aerospace Corp. has a 12-month low of $11.96 and a 12-month high of $15.57. The stock has a market cap of $257.83 million, a P/E 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 earnings per share for the quarter. Park Aerospace had a net margin of 11.90% and a return on equity of 7.02%.

Park Aerospace Dividend Announcement

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

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.