PDT Partners LLC Buys Shares of 16,242 Park Aerospace Corp. (NYSE:PKE)

PDT Partners LLC purchased a new stake in Park Aerospace Corp. (NYSE:PKE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,242 shares of the semiconductor company’s stock, valued at approximately $238,000. PDT Partners LLC owned about 0.08% of Park Aerospace as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PKE. Jane Street Group LLC raised its stake in Park Aerospace by 76.5% during the third quarter. Jane Street Group LLC now owns 30,057 shares of the semiconductor company’s stock worth $392,000 after acquiring an additional 13,024 shares in the last quarter. Barclays PLC increased its position in Park Aerospace by 295.7% during the 3rd quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock worth $335,000 after purchasing an additional 19,213 shares in the last quarter. Geode Capital Management LLC lifted its stake in Park Aerospace by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company’s stock valued at $5,502,000 after purchasing an additional 5,491 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Park Aerospace by 295.5% in the third 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 in the last quarter. Finally, Foundation Resource Management Inc. grew its stake in shares of Park Aerospace by 0.8% during the fourth quarter. Foundation Resource Management Inc. now owns 469,278 shares of the semiconductor company’s stock worth $6,875,000 after buying an additional 3,519 shares during the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

Park Aerospace Price Performance

Park Aerospace stock opened at $13.18 on Friday. The business has a 50 day moving average of $13.32 and a 200-day moving average of $14.12. The company has a market capitalization of $262.65 million, a P/E ratio of 36.62 and a beta of 0.36. Park Aerospace Corp. has a 1 year low of $11.96 and a 1 year high of $15.57.

Park Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Wednesday, April 2nd were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Wednesday, April 2nd. Park Aerospace’s payout ratio is currently 138.89%.

Analyst Ratings Changes

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

Park Aerospace 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.