Oppenheimer Asset Management Inc. Has $239,000 Stock Holdings in Park Aerospace Corp. (NYSE:PKE)

Oppenheimer Asset Management Inc. increased its position in shares of Park Aerospace Corp. (NYSE:PKE) by 23.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,375 shares of the semiconductor company’s stock after acquiring an additional 3,507 shares during the period. Oppenheimer Asset Management Inc. owned about 0.09% of Park Aerospace worth $239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Premier Path Wealth Partners LLC raised its position in shares of Park Aerospace by 3.3% during the second quarter. Premier Path Wealth Partners LLC now owns 31,512 shares of the semiconductor company’s stock worth $431,000 after acquiring an additional 1,000 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Park Aerospace by 166.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock worth $33,000 after buying an additional 1,488 shares during the period. Foundation Resource Management Inc. boosted its holdings in Park Aerospace by 0.4% in the third quarter. Foundation Resource Management Inc. now owns 465,759 shares of the semiconductor company’s stock worth $6,069,000 after acquiring an additional 2,025 shares in the last quarter. Van ECK Associates Corp grew its position in Park Aerospace by 39.6% in the 3rd quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 3,146 shares during the period. Finally, Copeland Capital Management LLC bought a new stake in shares of Park Aerospace during the third quarter worth about $43,000. 77.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Park Aerospace from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Park Aerospace Stock Performance

Shares of NYSE:PKE opened at $14.79 on Thursday. Park Aerospace Corp. has a fifty-two week low of $11.96 and a fifty-two week high of $16.96. The company’s 50-day moving average is $13.85 and its 200 day moving average is $13.64. The company has a market capitalization of $295.24 million, a P/E ratio of 43.50 and a beta of 0.38.

Park Aerospace (NYSE:PKE) last announced its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $0.10 earnings per share for the quarter. The company had revenue of $16.71 million during the quarter. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.

Park Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 5th. Investors of record on Tuesday, October 1st were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.50 dividend on an annualized basis and a yield of 3.38%. Park Aerospace’s dividend payout ratio (DPR) is 147.06%.

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.