Barclays PLC Purchases 19,213 Shares of Park Aerospace Corp. (NYSE:PKE)

Barclays PLC increased its position in Park Aerospace Corp. (NYSE:PKE) by 295.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 25,710 shares of the semiconductor company’s stock after buying an additional 19,213 shares during the period. Barclays PLC owned about 0.13% of Park Aerospace worth $335,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Copeland Capital Management LLC bought a new position in Park Aerospace in the 3rd quarter worth $43,000. Van ECK Associates Corp lifted its stake 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 worth $160,000 after purchasing an additional 3,146 shares in the last quarter. Townsquare Capital LLC lifted its stake in Park Aerospace by 8.3% in the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 1,248 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Park Aerospace by 23.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock valued at $239,000 after buying an additional 3,507 shares in the last quarter. Finally, FMR LLC raised its position in shares of Park Aerospace by 26.3% during the 3rd quarter. FMR LLC now owns 26,336 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 5,492 shares in the last quarter. Institutional investors own 77.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Park Aerospace from a “hold” rating to a “buy” rating in a research report on Friday, December 27th.

Park Aerospace Trading Up -0.2 %

Shares of NYSE PKE opened at $14.35 on Friday. The firm’s 50-day moving average price is $14.69 and its 200-day moving average price is $13.83. The stock has a market capitalization of $286.45 million, a price-to-earnings ratio of 42.21 and a beta of 0.42. Park Aerospace Corp. has a 12-month low of $11.96 and a 12-month high of $16.96.

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

Park Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 4th. Investors of record on Friday, January 3rd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.50 annualized dividend and a yield of 3.48%. Park Aerospace’s payout ratio is 147.06%.

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.