Atria Investments Inc Sells 3,138 Shares of Park Aerospace Corp. (NYSE:PKE)

Atria Investments Inc decreased its holdings in Park Aerospace Corp. (NYSE:PKE) by 5.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,444 shares of the semiconductor company’s stock after selling 3,138 shares during the period. Atria Investments Inc owned about 0.29% of Park Aerospace worth $762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Premier Path Wealth Partners LLC raised its position in shares of Park Aerospace by 3.3% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 31,512 shares of the semiconductor company’s stock worth $431,000 after acquiring an additional 1,000 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Park Aerospace by 166.8% in the second quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 1,488 shares in the last quarter. Foundation Resource Management Inc. raised its holdings in Park Aerospace by 0.4% in the third quarter. Foundation Resource Management Inc. now owns 465,759 shares of the semiconductor company’s stock worth $6,069,000 after purchasing an additional 2,025 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Park Aerospace by 39.6% during the third quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 3,146 shares during the last quarter. Finally, Copeland Capital Management LLC bought a new stake in shares of Park Aerospace in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Park Aerospace from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

Park Aerospace Price Performance

Shares of PKE stock opened at $14.66 on Tuesday. The stock’s fifty day moving average price is $13.79 and its 200 day moving average price is $13.63. Park Aerospace Corp. has a 1-year low of $11.96 and a 1-year high of $16.96. The company has a market cap of $292.61 million, a price-to-earnings ratio of 43.12 and a beta of 0.38.

Park Aerospace (NYSE:PKE) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter. The firm 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.50 annualized dividend and a dividend yield of 3.41%. Park Aerospace’s payout ratio is currently 147.06%.

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.