Sei Investments Co. Buys 141,359 Shares of Park Aerospace Corp. $PKE

Sei Investments Co. increased its stake in shares of Park Aerospace Corp. (NYSE:PKE) by 116.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 263,034 shares of the semiconductor company’s stock after buying an additional 141,359 shares during the quarter. Sei Investments Co.’s holdings in Park Aerospace were worth $7,202,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PKE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Park Aerospace in the 4th quarter valued at $25,000. BNP Paribas Financial Markets grew its holdings in shares of Park Aerospace by 50.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 726 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Park Aerospace during the 1st quarter worth $52,000. Tower Research Capital LLC TRC increased its position in shares of Park Aerospace by 241.1% in 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, Fifth Third Bancorp bought a new position in shares of Park Aerospace in the first quarter worth $64,000. Institutional investors own 77.83% of the company’s stock.

Insider Buying and Selling at Park Aerospace

In related news, insider Constantine Petropoulos sold 2,500 shares of the business’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $36.00, for a total transaction of $90,000.00. Following the sale, the insider owned 2,500 shares in the company, valued at $90,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PKE shares. Wall Street Zen downgraded Park Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Citizens Jmp assumed coverage on shares of Park Aerospace in a research note on Tuesday, June 9th. They set a “market outperform” rating and a $42.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $43.00 target price on shares of Park Aerospace in a report on Tuesday, July 21st. Citigroup restated a “market outperform” rating on shares of Park Aerospace in a research report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Park Aerospace currently has an average rating of “Buy” and a consensus price target of $42.50.

Park Aerospace Price Performance

Shares of NYSE:PKE opened at $33.89 on Monday. The company has a market cap of $737.18 million, a price-to-earnings ratio of 53.80 and a beta of 0.39. The firm has a 50 day simple moving average of $34.26 and a 200 day simple moving average of $30.59. Park Aerospace Corp. has a one year low of $17.25 and a one year high of $39.86.

Park Aerospace (NYSE:PKE) last posted its earnings results on Monday, July 20th. The semiconductor company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $18.31 million for the quarter, compared to analysts’ expectations of $17.95 million. Park Aerospace had a net margin of 16.70% and a return on equity of 10.75%.

Park Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. Park Aerospace’s dividend payout ratio (DPR) is 79.37%.

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.