Nisa Investment Advisors LLC Increases Stake in Park Aerospace Corp. (NYSE:PKE)

Nisa Investment Advisors LLC lifted its stake in Park Aerospace Corp. (NYSE:PKE) by 2,084.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,597 shares of the semiconductor company’s stock after purchasing an additional 18,700 shares during the period. Nisa Investment Advisors LLC owned approximately 0.10% of Park Aerospace worth $287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PKE. Copeland Capital Management LLC acquired a new position in Park Aerospace in the 3rd quarter valued at $43,000. Van ECK Associates Corp grew its position in Park Aerospace by 39.6% in the third quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock valued at $160,000 after acquiring an additional 3,146 shares in the last quarter. Townsquare Capital LLC increased its stake in Park Aerospace by 8.3% during the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock worth $212,000 after buying an additional 1,248 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Park Aerospace by 23.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock worth $239,000 after acquiring an additional 3,507 shares in the last quarter. Finally, Barclays PLC boosted its stake 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 valued at $335,000 after buying an additional 19,213 shares during the last quarter. 77.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Park Aerospace from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd.

Park Aerospace Trading Down 3.0 %

NYSE PKE opened at $14.86 on Thursday. Park Aerospace Corp. has a 52 week low of $11.96 and a 52 week high of $16.96. The company has a 50-day moving average price of $14.72 and a two-hundred day moving average price of $13.96. The stock has a market cap of $295.91 million, a price-to-earnings ratio of 41.26 and a beta of 0.43.

Park Aerospace (NYSE:PKE) last released its earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 earnings per share for the quarter. Park Aerospace had a return on equity of 7.02% and a net margin of 11.90%.

Park Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 4th. Investors of record on Friday, January 3rd will be paid a $0.125 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 3.37%. Park Aerospace’s dividend payout ratio is currently 138.89%.

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.