Sanctuary Advisors LLC Purchases New Holdings in Park Aerospace Corp. (NYSE:PKE)

Sanctuary Advisors LLC purchased a new stake in Park Aerospace Corp. (NYSE:PKE) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 41,824 shares of the semiconductor company’s stock, valued at approximately $617,000. Sanctuary Advisors LLC owned approximately 0.21% of Park Aerospace at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its holdings in Park Aerospace by 166.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 1,488 shares during the last quarter. Quadrature Capital Ltd raised its holdings in Park Aerospace by 5.6% in the 4th quarter. Quadrature Capital Ltd now owns 11,949 shares of the semiconductor company’s stock valued at $176,000 after acquiring an additional 630 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Park Aerospace in the 1st quarter valued at about $235,000. State Board of Administration of Florida Retirement System acquired a new stake in Park Aerospace in the 1st quarter valued at about $245,000. Finally, Russell Investments Group Ltd. raised its holdings in Park Aerospace by 1,704.2% in the 1st quarter. Russell Investments Group Ltd. now owns 19,738 shares of the semiconductor company’s stock valued at $328,000 after acquiring an additional 18,644 shares during the last quarter. 77.83% of the stock is owned by hedge funds and other institutional investors.

Park Aerospace Price Performance

Shares of NYSE PKE opened at $13.36 on Tuesday. The company has a 50 day simple moving average of $13.17 and a 200-day simple moving average of $13.80. The company has a market capitalization of $270.58 million, a P/E ratio of 36.11 and a beta of 0.39. Park Aerospace Corp. has a 1 year low of $11.96 and a 1 year high of $16.96.

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

Park Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 5th. Investors of record on Tuesday, October 1st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.50 annualized dividend and a yield of 3.74%. Park Aerospace’s dividend payout ratio (DPR) is presently 135.14%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Park Aerospace from a “buy” rating to a “hold” rating in a report on Thursday, July 11th.

Park Aerospace 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.