Geode Capital Management LLC Increases Stock Holdings in Park Aerospace Corp. (NYSE:PKE)

Geode Capital Management LLC increased its holdings in shares of Park Aerospace Corp. (NYSE:PKE) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 422,116 shares of the semiconductor company’s stock after buying an additional 5,491 shares during the quarter. Geode Capital Management LLC owned about 2.11% of Park Aerospace worth $5,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in PKE. Barclays PLC lifted its holdings in shares of Park Aerospace by 295.7% during the 3rd quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock worth $335,000 after acquiring an additional 19,213 shares during the period. Jane Street Group LLC increased its position in Park Aerospace by 76.5% during the third quarter. Jane Street Group LLC now owns 30,057 shares of the semiconductor company’s stock worth $392,000 after purchasing an additional 13,024 shares during the last quarter. Townsquare Capital LLC raised its stake in Park Aerospace by 8.3% during the third 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 during the period. FMR LLC grew its stake 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 during the period. Finally, Royce & Associates LP increased its holdings in shares of Park Aerospace by 94.9% during the 3rd quarter. Royce & Associates LP now owns 371,673 shares of the semiconductor company’s stock worth $4,843,000 after buying an additional 181,006 shares during the last quarter. 77.83% of the stock is owned by institutional investors and hedge funds.

Park Aerospace Stock Performance

PKE opened at $14.35 on Friday. Park Aerospace Corp. has a 1 year low of $11.96 and a 1 year high of $16.96. The firm has a 50 day moving average price of $14.69 and a 200 day moving average price of $13.83. The company has a market cap of $286.45 million, a PE ratio of 42.21 and a beta of 0.42.

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

Park Aerospace Announces Dividend

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

Analyst Ratings Changes

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

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.