Royce & Associates LP Sells 21,879 Shares of Park Aerospace Corp. $PKE

Royce & Associates LP reduced its holdings in Park Aerospace Corp. (NYSE:PKE) by 4.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 484,261 shares of the semiconductor company’s stock after selling 21,879 shares during the quarter. Royce & Associates LP’s holdings in Park Aerospace were worth $10,334,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in 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 acquiring an additional 726 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Park Aerospace in the 4th quarter worth about $72,000. Strs Ohio bought a new position in Park Aerospace in the 3rd quarter worth about $75,000. Jones Financial Companies Lllp bought a new position in Park Aerospace in the 1st quarter worth about $52,000. Finally, Tower Research Capital LLC TRC increased its stake in 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 acquiring an additional 3,024 shares during the last quarter. 77.83% of the stock is currently owned by institutional investors.

Park Aerospace Trading Down 1.9%

Shares of Park Aerospace stock opened at $35.72 on Thursday. The firm has a market capitalization of $711.82 million, a PE ratio of 83.06 and a beta of 0.45. The business’s 50-day moving average price is $31.78 and its 200-day moving average price is $26.04. Park Aerospace Corp. has a 12 month low of $13.48 and a 12 month high of $37.05.

Park Aerospace Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings upgraded Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 11th. Wall Street Zen lowered Park Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Park Aerospace presently 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.