SG Americas Securities LLC lessened its stake in shares of Park Aerospace Corp. (NYSE:PKE – Get Rating) by 31.5% during the second quarter, Holdings Channel.com reports. The fund owned 8,353 shares of the semiconductor company’s stock after selling 3,848 shares during the period. SG Americas Securities LLC’s holdings in Park Aerospace were worth $107,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its stake in Park Aerospace by 277.2% during the 1st quarter. Captrust Financial Advisors now owns 2,139 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 1,572 shares during the period. PNC Financial Services Group Inc. increased its stake in Park Aerospace by 535.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,834 shares of the semiconductor company’s stock worth $89,000 after acquiring an additional 5,758 shares during the period. State of Tennessee Treasury Department increased its stake in Park Aerospace by 17.9% during the 1st quarter. State of Tennessee Treasury Department now owns 7,119 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 1,079 shares during the period. Amalgamated Bank bought a new position in Park Aerospace during the 1st quarter worth $113,000. Finally, Ellevest Inc. increased its stake in Park Aerospace by 17.7% during the 2nd quarter. Ellevest Inc. now owns 10,921 shares of the semiconductor company’s stock worth $139,000 after acquiring an additional 1,642 shares during the period. Institutional investors own 89.80% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on Park Aerospace in a research note on Wednesday, October 12th. They set a “hold” rating on the stock.
Park Aerospace Stock Performance
Park Aerospace Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, November 4th. Shareholders of record on Monday, October 3rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Friday, September 30th. Park Aerospace’s dividend payout ratio is presently 111.11%.
Park Aerospace Profile
Park Aerospace Corp. 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 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.
- Get a free copy of the StockNews.com research report on Park Aerospace (PKE)
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