2 weeks Ago By Defense World Staff
Brandes Investment Partners LP grew its stake in shares of Park Aerospace Corp. ( NYSE:PKE – Free Report ) by 12.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 2,150,573 shares of the semiconductor company’s stock after buying an additional 229,720 shares during the period. Brandes Investment Partners LP owned 10.62% of Park Aerospace worth $29,256,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrature Capital Ltd increased its position in shares of Park Aerospace by 5.6% in the fourth quarter.
Quadrature Capital Ltd now owns 11,949 shares of the semiconductor company’s stock worth $176,000 after purchasing an additional 630 shares during the last quarter. Premier Path Wealth Partners LLC increased its position in shares of Park Aerospace by 3.3% in the second quarter.
Premier Path Wealth Partners LLC now owns 31,512 shares of the semiconductor company’s stock worth $431,000 after purchasing an additional 1,000 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Park Aerospace by 166.8% in the second quarter.
Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 1,488 shares during the last quarter. American Century Companies Inc. increased its position in shares of Park Aerospace by 5.
4% in the second quarter. American Century Companies Inc. now owns 65,214 shares of the semiconductor company’s stock worth $892,000 after purchasing an additional 3,365 shares during the last quarter.
Finally, Price T Rowe Associates Inc. MD increased its position in shares of Park Aerospace by 9.0% in the first quarter.
Price T Rowe Associates Inc. MD now owns 41,704 shares of the semiconductor company’s stock worth $694,000 after purchasing an additional 3,432 shares during the last quarter. 77.
83% of the stock is currently owned by institutional investors. Analysts Set New Price Targets Separately, StockNews.com cut shares of Park Aerospace from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th.
Park Aerospace Price Performance Shares of NYSE PKE opened at $13.01 on Monday. Park Aerospace Corp.
has a one year low of $11.96 and a one year high of $16.96.
The firm’s 50 day simple moving average is $13.15 and its two-hundred day simple moving average is $14.01.
The stock has a market capitalization of $263.45 million, a P/E ratio of 35.16 and a beta of 0.
39. Park Aerospace ( NYSE:PKE – Get Free Report ) last released its quarterly earnings data on Tuesday, July 16th. The semiconductor company reported $0.
09 earnings per share for the quarter. The firm had revenue of $13.97 million during the quarter.
Park Aerospace had a return on equity of 6.27% and a net margin of 12.15%.
Park Aerospace Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.125 per share.
This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.84%.
The ex-dividend date of this dividend is Tuesday, October 1st. Park Aerospace’s dividend payout ratio (DPR) is presently 135.14%.
Park Aerospace Profile ( Free Report ) 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.
Read More Five stocks we like better than Park Aerospace Investing in the High PE Growth Stocks 3 Bargain Stocks Under $20 With Major Growth Potential Following Congress Stock Trades Top 5 ETFs to Own Now and Into 2025 Retail Stocks Investing, Explained Watch These 3 Former Short-Squeeze Stocks for a Big Rally Receive News & Ratings for Park Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Aerospace and related companies with MarketBeat.com's FREE daily email newsletter ..
