Park Aerospace Corp. (NYSE:PKE) Holdings Lifted by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its holdings in Park Aerospace Corp. (NYSE:PKE) by 19.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,869 shares of the semiconductor company’s stock after acquiring an additional 8,045 shares during the period. Sanctuary Advisors LLC’s holdings in Park Aerospace were worth $650,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Townsquare Capital LLC increased its holdings in shares of Park Aerospace by 8.3% in the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 1,248 shares during the period. Nisa Investment Advisors LLC grew its position in 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 purchasing an additional 1,488 shares in the last quarter. Foundation Resource Management Inc. increased its stake in Park Aerospace by 0.4% in the 3rd quarter. Foundation Resource Management Inc. now owns 465,759 shares of the semiconductor company’s stock valued at $6,069,000 after buying an additional 2,025 shares during the period. Van ECK Associates Corp lifted its position in Park Aerospace by 39.6% in the 3rd quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock worth $160,000 after buying an additional 3,146 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new stake in shares of Park Aerospace during the 3rd quarter valued at $43,000. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Park Aerospace Price Performance

Shares of PKE stock opened at $14.43 on Wednesday. The firm has a market cap of $288.05 million, a P/E ratio of 42.44 and a beta of 0.42. Park Aerospace Corp. has a fifty-two week low of $11.96 and a fifty-two week high of $16.96. The stock’s 50-day moving average is $14.67 and its two-hundred day moving average is $13.77.

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

Park Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 4th. Investors of record on Friday, January 3rd will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Friday, January 3rd. Park Aerospace’s payout ratio is presently 147.06%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Park Aerospace from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th.

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.