Royce & Associates LP Reduces Holdings in Park Aerospace Corp. $PKE

Royce & Associates LP lessened its position in shares of Park Aerospace Corp. (NYSE:PKE) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 484,261 shares of the semiconductor company’s stock after selling 21,879 shares during the period. Royce & Associates LP owned 2.43% of Park Aerospace worth $10,334,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Foundation Resource Management Inc. lifted its position in shares of Park Aerospace by 0.6% during the 4th quarter. Foundation Resource Management Inc. now owns 503,497 shares of the semiconductor company’s stock valued at $10,745,000 after buying an additional 3,004 shares during the last quarter. Roubaix Capital LLC lifted its position in shares of Park Aerospace by 6.5% during the 3rd quarter. Roubaix Capital LLC now owns 454,642 shares of the semiconductor company’s stock valued at $9,247,000 after buying an additional 27,856 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Park Aerospace by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company’s stock valued at $6,489,000 after buying an additional 7,342 shares during the last quarter. Palisades Investment Partners LLC lifted its position in shares of Park Aerospace by 10.8% during the 4th quarter. Palisades Investment Partners LLC now owns 321,745 shares of the semiconductor company’s stock valued at $6,866,000 after buying an additional 31,492 shares during the last quarter. Finally, Portolan Capital Management LLC purchased a new position in shares of Park Aerospace during the 3rd quarter valued at $4,984,000. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PKE. Weiss Ratings raised Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 11th. Wall Street Zen cut Park Aerospace from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Park Aerospace currently has a consensus rating of “Buy”.

Park Aerospace Stock Performance

Shares of PKE opened at $35.72 on Thursday. The stock’s 50-day simple moving average is $31.78 and its 200 day simple moving average is $26.04. The stock has a market capitalization of $711.82 million, a price-to-earnings ratio of 83.06 and a beta of 0.45. Park Aerospace Corp. has a 52-week low of $13.48 and a 52-week high of $37.05.

Park Aerospace Dividend Announcement

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

About Park Aerospace

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.