SG Americas Securities LLC Acquires 2,118 Shares of Park Aerospace Corp. (NYSE:PKE)

SG Americas Securities LLC boosted its holdings in Park Aerospace Corp. (NYSE:PKE) by 26.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,132 shares of the semiconductor company’s stock after purchasing an additional 2,118 shares during the quarter. SG Americas Securities LLC owned 0.05% of Park Aerospace worth $149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PKE. Foundation Resource Management Inc. increased its stake in Park Aerospace by 99.3% during the 4th quarter. Foundation Resource Management Inc. now owns 443,334 shares of the semiconductor company’s stock valued at $6,517,000 after purchasing an additional 220,898 shares in the last quarter. Brandes Investment Partners LP increased its stake in Park Aerospace by 18.3% during the 3rd quarter. Brandes Investment Partners LP now owns 1,671,636 shares of the semiconductor company’s stock valued at $25,961,000 after purchasing an additional 259,142 shares in the last quarter. Copeland Capital Management LLC bought a new stake in Park Aerospace during the 3rd quarter valued at $33,000. Kennedy Capital Management LLC bought a new stake in Park Aerospace during the 3rd quarter valued at $1,553,000. Finally, Roubaix Capital LLC increased its stake in Park Aerospace by 4.0% during the 3rd quarter. Roubaix Capital LLC now owns 429,926 shares of the semiconductor company’s stock valued at $6,677,000 after purchasing an additional 16,460 shares in the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

Park Aerospace Stock Up 0.9 %

NYSE PKE opened at $15.25 on Wednesday. Park Aerospace Corp. has a 52 week low of $11.91 and a 52 week high of $16.96. The firm’s 50-day simple moving average is $15.29 and its two-hundred day simple moving average is $14.99. The company has a market cap of $308.81 million, a PE ratio of 32.45 and a beta of 0.45.

Park Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 2nd will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, April 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.28%. Park Aerospace’s dividend payout ratio is currently 106.38%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Park Aerospace from a “buy” rating to a “hold” rating in a research note on Friday, January 12th.

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.