Oppenheimer Asset Management Inc. Trims Stake in Park Aerospace Corp. (NYSE:PKE)

Oppenheimer Asset Management Inc. decreased its stake in shares of Park Aerospace Corp. (NYSE:PKE) by 20.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,653 shares of the semiconductor company’s stock after selling 3,722 shares during the period. Oppenheimer Asset Management Inc. owned 0.07% of Park Aerospace worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in PKE. SG Americas Securities LLC acquired a new position in shares of Park Aerospace in the fourth quarter valued at approximately $132,000. Van ECK Associates Corp raised its holdings 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 acquiring an additional 3,146 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of 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 purchasing an additional 1,248 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Park Aerospace by 15.4% during the fourth quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company’s stock worth $257,000 after purchasing an additional 2,335 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Park Aerospace by 2,084.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,597 shares of the semiconductor company’s stock valued at $287,000 after purchasing an additional 18,700 shares during the period. 77.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Park Aerospace Stock Performance

PKE opened at $13.39 on Friday. Park Aerospace Corp. has a 1 year low of $11.96 and a 1 year high of $16.96. The company’s 50 day simple moving average is $14.28 and its 200 day simple moving average is $14.14. The stock has a market capitalization of $266.70 million, a PE ratio of 37.18 and a beta of 0.40.

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

Park Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.74%. Park Aerospace’s dividend payout ratio (DPR) is presently 138.89%.

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.