Dimensional Fund Advisors LP Grows Stock Holdings in Park Aerospace Corp. (NYSE:PKE)

Dimensional Fund Advisors LP lifted its stake in Park Aerospace Corp. (NYSE:PKE) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 661,134 shares of the semiconductor company’s stock after purchasing an additional 5,933 shares during the period. Dimensional Fund Advisors LP owned about 3.26% of Park Aerospace worth $9,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its position in shares of Park Aerospace by 166.8% during the second quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 1,488 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of Park Aerospace by 5.6% during the fourth quarter. Quadrature Capital Ltd now owns 11,949 shares of the semiconductor company’s stock worth $176,000 after purchasing an additional 630 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Park Aerospace during the first quarter worth about $235,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Park Aerospace during the first quarter worth about $245,000. Finally, Russell Investments Group Ltd. increased its position in shares of Park Aerospace by 1,704.2% during the first quarter. Russell Investments Group Ltd. now owns 19,738 shares of the semiconductor company’s stock worth $328,000 after purchasing an additional 18,644 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Park Aerospace Trading Up 0.2 %

Shares of PKE opened at $13.29 on Tuesday. The firm’s 50-day moving average is $13.13 and its two-hundred day moving average is $13.91. Park Aerospace Corp. has a twelve month low of $11.96 and a twelve month high of $16.96. The firm has a market capitalization of $269.12 million, a P/E ratio of 35.92 and a beta of 0.39.

Park Aerospace (NYSE:PKE) last announced its quarterly earnings data on Tuesday, July 16th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter. Park Aerospace had a net margin of 12.15% and a return on equity of 6.27%. The business had revenue of $13.97 million for the quarter.

Park Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 5th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Tuesday, October 1st. Park Aerospace’s payout ratio is 135.14%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Park Aerospace from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th.

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.