Park Aerospace Corp. (NYSE:PKE) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP increased its position in shares of Park Aerospace Corp. (NYSE:PKE) by 29.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,000 shares of the semiconductor company’s stock after purchasing an additional 10,500 shares during the period. Two Sigma Advisers LP’s holdings in Park Aerospace were worth $674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PKE. BNP Paribas Financial Markets acquired a new stake in Park Aerospace during the fourth quarter worth about $47,000. Tower Research Capital LLC TRC increased its position in Park Aerospace by 515.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,112 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 4,282 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in Park Aerospace during the fourth quarter worth about $78,000. SG Americas Securities LLC acquired a new stake in Park Aerospace during the fourth quarter worth about $132,000. Finally, Petros Family Wealth LLC acquired a new stake in Park Aerospace during the fourth quarter worth about $150,000. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Park Aerospace Price Performance

Shares of PKE stock opened at $13.69 on Tuesday. The firm has a market cap of $272.69 million, a PE ratio of 38.02 and a beta of 0.36. The company has a 50-day moving average of $13.31 and a two-hundred day moving average of $14.00. Park Aerospace Corp. has a 1-year low of $11.96 and a 1-year high of $15.57.

Park Aerospace (NYSE:PKE) last announced its earnings results on Thursday, May 15th. The semiconductor company reported $0.06 earnings per share for the quarter. The company had revenue of $16.94 million during the quarter. Park Aerospace had a net margin of 11.90% and a return on equity of 7.02%.

Park Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Wednesday, April 2nd were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Wednesday, April 2nd. Park Aerospace’s payout ratio is 172.41%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Park Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, May 19th.

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.