JPMorgan Chase & Co. Grows Position in Park Aerospace Corp. (NYSE:PKE)

JPMorgan Chase & Co. lifted its position in shares of Park Aerospace Corp. (NYSE:PKE) by 295.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 38,713 shares of the semiconductor company’s stock after purchasing an additional 28,924 shares during the quarter. JPMorgan Chase & Co. owned about 0.19% of Park Aerospace worth $504,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. grew its stake in Park Aerospace by 5.4% during the second quarter. American Century Companies Inc. now owns 65,214 shares of the semiconductor company’s stock worth $892,000 after buying an additional 3,365 shares during the period. Dimensional Fund Advisors LP boosted its position in Park Aerospace by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 661,134 shares of the semiconductor company’s stock worth $9,044,000 after purchasing an additional 5,933 shares during the period. Marshall Wace LLP purchased a new stake in Park Aerospace during the 2nd quarter worth $543,000. Squarepoint Ops LLC increased its holdings in Park Aerospace by 9.5% in the 2nd quarter. Squarepoint Ops LLC now owns 49,794 shares of the semiconductor company’s stock valued at $681,000 after purchasing an additional 4,307 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Park Aerospace in the second quarter valued at about $617,000. Institutional investors and hedge funds own 77.83% of the company’s stock.

Park Aerospace Stock Up 3.5 %

PKE opened at $15.39 on Wednesday. The firm’s 50 day moving average is $14.72 and its 200-day moving average is $13.95. Park Aerospace Corp. has a 52-week low of $11.96 and a 52-week high of $16.96. The firm has a market capitalization of $306.47 million, a P/E ratio of 42.74 and a beta of 0.43.

Park Aerospace (NYSE:PKE) last released its quarterly earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 earnings per share (EPS) 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 firm 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. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 3.25%. Park Aerospace’s dividend payout ratio (DPR) is presently 138.89%.

Wall Street Analyst Weigh In

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

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.