Park Aerospace Corp. $PKE Stock Holdings Lessened by Penn Capital Management Company LLC

Penn Capital Management Company LLC reduced its holdings in Park Aerospace Corp. (NYSE:PKE) by 10.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 173,151 shares of the semiconductor company’s stock after selling 19,516 shares during the period. Penn Capital Management Company LLC’s holdings in Park Aerospace were worth $3,695,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of Park Aerospace by 50.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock worth $32,000 after buying an additional 726 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Park Aerospace in the 4th quarter worth about $72,000. Strs Ohio bought a new position in shares of Park Aerospace in the 3rd quarter worth about $75,000. Jones Financial Companies Lllp bought a new position in shares of Park Aerospace in the 1st quarter worth about $52,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Park Aerospace by 241.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock worth $63,000 after buying an additional 3,024 shares during the last quarter. 77.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Park Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded shares of Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Park Aerospace Stock Up 5.5%

Shares of NYSE:PKE opened at $36.49 on Wednesday. The company has a market cap of $727.10 million, a PE ratio of 84.86 and a beta of 0.45. The company’s 50-day moving average price is $31.62 and its 200 day moving average price is $25.92. Park Aerospace Corp. has a fifty-two week low of $13.48 and a fifty-two week high of $36.87.

Park Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 4th. Investors of record on Thursday, April 2nd were given a $0.125 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $0.50 annualized dividend and a yield of 1.4%. Park Aerospace’s dividend payout ratio (DPR) is currently 116.28%.

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.