Renaissance Technologies LLC Acquires 8,700 Shares of Park Aerospace Corp. (NYSE:PKE)

Renaissance Technologies LLC raised its holdings in shares of Park Aerospace Corp. (NYSE:PKE) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 992,797 shares of the semiconductor company’s stock after acquiring an additional 8,700 shares during the period. Renaissance Technologies LLC owned approximately 4.90% of Park Aerospace worth $13,581,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Park Aerospace by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 661,134 shares of the semiconductor company’s stock worth $9,044,000 after acquiring an additional 5,933 shares in the last quarter. American Century Companies Inc. increased its stake in Park Aerospace by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 65,214 shares of the semiconductor company’s stock worth $892,000 after purchasing an additional 3,365 shares in the last quarter. Roubaix Capital LLC raised its holdings in Park Aerospace by 1.2% during the 2nd quarter. Roubaix Capital LLC now owns 414,286 shares of the semiconductor company’s stock worth $5,667,000 after buying an additional 5,062 shares during the period. Premier Path Wealth Partners LLC lifted its stake in Park Aerospace by 3.3% in the second quarter. Premier Path Wealth Partners LLC now owns 31,512 shares of the semiconductor company’s stock valued at $431,000 after buying an additional 1,000 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Park Aerospace by 166.8% in the second quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 1,488 shares during the period. 77.83% of the stock is owned by institutional investors and hedge funds.

Park Aerospace Price Performance

Shares of Park Aerospace stock opened at $12.98 on Monday. The firm has a market cap of $262.85 million, a price-to-earnings ratio of 35.08 and a beta of 0.39. The stock’s 50-day moving average is $13.24 and its 200-day moving average is $14.08. Park Aerospace Corp. has a one year low of $11.96 and a one year high of $16.96.

Park Aerospace (NYSE:PKE) last released its earnings results on Tuesday, July 16th. The semiconductor company reported $0.09 EPS for the quarter. The firm had revenue of $13.97 million for the quarter. Park Aerospace had a return on equity of 6.27% and a net margin of 12.15%.

Park Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 5th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.85%. The ex-dividend date is Tuesday, October 1st. Park Aerospace’s payout ratio is 135.14%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Park Aerospace from a “buy” rating to a “hold” rating in a report on Thursday, July 11th.

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.