Oppenheimer Asset Management Inc. Acquires 3,507 Shares of Park Aerospace Corp. (NYSE:PKE)

Oppenheimer Asset Management Inc. raised its stake in shares of Park Aerospace Corp. (NYSE:PKE) by 23.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,375 shares of the semiconductor company’s stock after purchasing an additional 3,507 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Park Aerospace were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Marshall Wace LLP purchased a new stake in Park Aerospace in the second quarter worth approximately $543,000. Sanctuary Advisors LLC bought a new stake in shares of Park Aerospace in the second quarter worth about $617,000. Brandes Investment Partners LP grew its position in shares of Park Aerospace by 12.0% in the 2nd quarter. Brandes Investment Partners LP now owns 2,150,573 shares of the semiconductor company’s stock worth $29,256,000 after buying an additional 229,720 shares during the last quarter. Russell Investments Group Ltd. increased its position in Park Aerospace by 1,704.2% during the 1st quarter. Russell Investments Group Ltd. now owns 19,738 shares of the semiconductor company’s stock valued at $328,000 after purchasing an additional 18,644 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Park Aerospace by 166.8% during the second quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 1,488 shares during the period. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Park Aerospace from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Park Aerospace Price Performance

Shares of NYSE:PKE opened at $14.79 on Thursday. Park Aerospace Corp. has a 1-year low of $11.96 and a 1-year high of $16.96. The business has a fifty day moving average price of $13.85 and a 200-day moving average price of $13.64. The company has a market capitalization of $295.24 million, a PE ratio of 43.50 and a beta of 0.38.

Park Aerospace (NYSE:PKE) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $0.10 earnings per share for the quarter. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%. The firm had revenue of $16.71 million during the quarter.

Park Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Tuesday, October 1st. Park Aerospace’s dividend payout ratio (DPR) is currently 147.06%.

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.