Victory Capital Management Inc. Raises Position in Park Aerospace Corp. (NYSE:PKE)

Victory Capital Management Inc. boosted its holdings in Park Aerospace Corp. (NYSE:PKE) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,074 shares of the semiconductor company’s stock after purchasing an additional 8,823 shares during the quarter. Victory Capital Management Inc. owned approximately 0.87% of Park Aerospace worth $2,255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PKE. GSA Capital Partners LLP raised its stake in Park Aerospace by 12.2% during the third quarter. GSA Capital Partners LLP now owns 61,620 shares of the semiconductor company’s stock valued at $803,000 after purchasing an additional 6,677 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Park Aerospace by 39.6% in the third quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock worth $160,000 after buying an additional 3,146 shares during the period. Copeland Capital Management LLC purchased a new position in Park Aerospace during the 3rd quarter valued at $43,000. Foundation Resource Management Inc. grew its position in Park Aerospace by 0.4% in the 3rd quarter. Foundation Resource Management Inc. now owns 465,759 shares of the semiconductor company’s stock valued at $6,069,000 after acquiring an additional 2,025 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Park Aerospace during the second quarter worth $617,000. 77.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Park Aerospace Price Performance

Shares of PKE opened at $15.11 on Monday. The company’s fifty day moving average price is $13.91 and its 200-day moving average price is $13.64. The firm has a market capitalization of $301.63 million, a PE ratio of 44.44 and a beta of 0.38. 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, October 15th. The semiconductor company reported $0.10 earnings per share for the quarter. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%. The company had revenue of $16.71 million for the quarter.

Park Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Tuesday, October 1st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Tuesday, October 1st. Park Aerospace’s dividend payout ratio (DPR) is 147.06%.

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.