Van ECK Associates Corp increased its position in shares of Park Aerospace Corp. (NYSE:PKE – Get Rating) by 82.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,985 shares of the semiconductor company’s stock after acquiring an additional 4,519 shares during the quarter. Van ECK Associates Corp’s holdings in Park Aerospace were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Park Aerospace by 1,310.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,372 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 3,133 shares during the last quarter. Hightower 6M Holding LLC acquired a new position in shares of Park Aerospace during the 3rd quarter valued at about $174,000. Roubaix Capital LLC boosted its position in shares of Park Aerospace by 3.8% during the 3rd quarter. Roubaix Capital LLC now owns 405,360 shares of the semiconductor company’s stock valued at $4,475,000 after acquiring an additional 14,683 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Park Aerospace during the 3rd quarter valued at about $165,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Park Aerospace during the 3rd quarter valued at about $561,000. Institutional investors and hedge funds own 86.35% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on PKE shares. StockNews.com raised shares of Park Aerospace from a “hold” rating to a “buy” rating in a research report on Monday. TheStreet upgraded shares of Park Aerospace from a “c+” rating to a “b” rating in a report on Friday, November 25th.
Park Aerospace Trading Down 2.2 %
Park Aerospace Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 3rd. Investors of record on Wednesday, January 4th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, January 3rd. This represents a $0.40 annualized dividend and a yield of 3.01%. Park Aerospace’s dividend payout ratio (DPR) is currently 102.56%.
Park Aerospace Profile
Park Aerospace Corp. engages in the provision of solution and hot-melt advanced composite materials. Its products are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, unmanned aerial vehicles or drones, business jets, general aviation aircraft, and rotary wing aircraft.
- Get a free copy of the StockNews.com research report on Park Aerospace (PKE)
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