Jane Street Group LLC Increases Stock Holdings in Park Aerospace Corp. (NYSE:PKE)

Jane Street Group LLC boosted its position in Park Aerospace Corp. (NYSE:PKE) by 76.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,057 shares of the semiconductor company’s stock after buying an additional 13,024 shares during the quarter. Jane Street Group LLC’s holdings in Park Aerospace were worth $392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PKE. Copeland Capital Management LLC acquired a new position in shares of Park Aerospace in the 3rd quarter valued at about $43,000. Van ECK Associates Corp raised its position in Park Aerospace by 39.6% in the third quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 3,146 shares in the last quarter. Townsquare Capital LLC grew its position in Park Aerospace by 8.3% during the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 1,248 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Park Aerospace by 23.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock valued at $239,000 after purchasing an additional 3,507 shares in the last quarter. Finally, FMR LLC boosted its stake in Park Aerospace by 26.3% during the 3rd quarter. FMR LLC now owns 26,336 shares of the semiconductor company’s stock valued at $343,000 after purchasing an additional 5,492 shares during the period. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

Park Aerospace Stock Down 0.3 %

Park Aerospace stock opened at $14.28 on Wednesday. The stock has a market capitalization of $285.06 million, a PE ratio of 42.00 and a beta of 0.43. Park Aerospace Corp. has a twelve month low of $11.96 and a twelve month high of $16.96. The company has a 50 day moving average of $14.69 and a 200-day moving average of $13.85.

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

Park Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 4th. Shareholders of record on Friday, January 3rd will be issued a $0.125 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.50 annualized dividend and a yield of 3.50%. Park Aerospace’s dividend payout ratio is currently 147.06%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Park Aerospace from a “hold” rating to a “buy” rating in a research report on Friday, December 27th.

About Park Aerospace

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.