Park Aerospace (NYSE:PKE) Stock Price Passes Above 200-Day Moving Average of $14.97

Shares of Park Aerospace Corp. (NYSE:PKE) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.97 and traded as high as $15.25. Park Aerospace shares last traded at $15.22, with a volume of 138,073 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Park Aerospace from a “buy” rating to a “hold” rating in a research note on Friday, January 12th.

Park Aerospace Trading Up 2.2 %

The firm has a market capitalization of $308.21 million, a PE ratio of 32.38 and a beta of 0.45. The stock’s 50 day moving average price is $15.33 and its two-hundred day moving average price is $14.97.

Park Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 2nd will be given a $0.125 dividend. The ex-dividend date is Monday, April 1st. This represents a $0.50 annualized dividend and a dividend yield of 3.29%. Park Aerospace’s dividend payout ratio is currently 106.38%.

Institutional Trading of Park Aerospace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PKE. Brandes Investment Partners LP grew its stake in Park Aerospace by 0.6% in the 4th quarter. Brandes Investment Partners LP now owns 1,681,353 shares of the semiconductor company’s stock worth $24,716,000 after acquiring an additional 9,717 shares during the period. Foundation Resource Management Inc. increased its stake in Park Aerospace by 3.7% in the first quarter. Foundation Resource Management Inc. now owns 459,846 shares of the semiconductor company’s stock valued at $7,647,000 after purchasing an additional 16,512 shares during the last quarter. Roubaix Capital LLC lifted its position in Park Aerospace by 4.0% during the third quarter. Roubaix Capital LLC now owns 429,926 shares of the semiconductor company’s stock worth $6,677,000 after buying an additional 16,460 shares during the period. Victory Capital Management Inc. boosted its stake in Park Aerospace by 0.5% in the 3rd quarter. Victory Capital Management Inc. now owns 170,277 shares of the semiconductor company’s stock worth $2,644,000 after buying an additional 809 shares during the last quarter. Finally, Kennedy Capital Management LLC purchased a new stake in Park Aerospace in the 3rd quarter valued at about $1,553,000. Hedge funds and other institutional investors own 77.83% of the company’s stock.

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.