Bank of America Corp DE decreased its holdings in Park Aerospace Corp. (NYSE:PKE – Free Report) by 20.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,046 shares of the semiconductor company’s stock after selling 6,612 shares during the period. Bank of America Corp DE’s holdings in Park Aerospace were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of PKE. Private Advisor Group LLC raised its stake in Park Aerospace by 15.4% in the 4th quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company’s stock worth $257,000 after purchasing an additional 2,335 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Park Aerospace by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 208,834 shares of the semiconductor company’s stock valued at $3,059,000 after buying an additional 887 shares during the period. Victory Capital Management Inc. increased its holdings in Park Aerospace by 3.7% in the 4th quarter. Victory Capital Management Inc. now owns 179,494 shares of the semiconductor company’s stock valued at $2,630,000 after buying an additional 6,420 shares during the period. Atria Investments Inc increased its holdings in Park Aerospace by 13.6% in the 4th quarter. Atria Investments Inc now owns 66,418 shares of the semiconductor company’s stock valued at $973,000 after buying an additional 7,974 shares during the period. Finally, Brandes Investment Partners LP increased its holdings in Park Aerospace by 4.4% in the 4th quarter. Brandes Investment Partners LP now owns 2,524,503 shares of the semiconductor company’s stock valued at $36,984,000 after buying an additional 107,447 shares during the period. Institutional investors and hedge funds own 77.83% of the company’s stock.
Park Aerospace Trading Down 1.0%
Shares of Park Aerospace stock opened at $13.96 on Friday. The firm has a market capitalization of $278.15 million, a PE ratio of 38.78 and a beta of 0.39. The firm’s 50 day moving average is $13.45 and its 200 day moving average is $13.97. Park Aerospace Corp. has a 1 year low of $11.96 and a 1 year high of $15.57.
Park Aerospace Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 1st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Tuesday, July 1st. Park Aerospace’s dividend payout ratio (DPR) is presently 172.41%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of Park Aerospace from a “buy” rating to a “hold” rating in a report on Monday, May 19th.
Check Out Our Latest Stock Analysis on Park Aerospace
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.
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