Victory Capital Management Inc. Raises Stock Holdings in Park Aerospace Corp. (NYSE:PKE)

Victory Capital Management Inc. boosted its stake in Park Aerospace Corp. (NYSE:PKE) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 179,494 shares of the semiconductor company’s stock after buying an additional 6,420 shares during the period. Victory Capital Management Inc. owned approximately 0.90% of Park Aerospace worth $2,630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PKE. GSA Capital Partners LLP raised its holdings in Park Aerospace by 12.2% in the 3rd quarter. GSA Capital Partners LLP now owns 61,620 shares of the semiconductor company’s stock valued at $803,000 after buying an additional 6,677 shares during the period. Oppenheimer Asset Management Inc. grew its position in Park Aerospace by 23.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock valued at $239,000 after acquiring an additional 3,507 shares in the last quarter. Royce & Associates LP grew its position in Park Aerospace by 94.9% in the 3rd quarter. Royce & Associates LP now owns 371,673 shares of the semiconductor company’s stock valued at $4,843,000 after acquiring an additional 181,006 shares in the last quarter. FMR LLC grew its position in Park Aerospace by 26.3% in the 3rd quarter. FMR LLC now owns 26,336 shares of the semiconductor company’s stock valued at $343,000 after acquiring an additional 5,492 shares in the last quarter. Finally, Townsquare Capital LLC grew its position in Park Aerospace by 8.3% in the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock valued at $212,000 after acquiring an additional 1,248 shares in the last quarter. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Park Aerospace Price Performance

NYSE PKE opened at $13.48 on Monday. 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 $268.49 million, a P/E ratio of 37.43 and a beta of 0.40. The stock has a 50-day moving average of $14.15 and a two-hundred day moving average of $14.14.

Park Aerospace (NYSE:PKE) last announced its quarterly earnings data on Tuesday, January 14th. The semiconductor company reported $0.08 EPS 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 disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders 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 dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, April 2nd. Park Aerospace’s dividend payout ratio is presently 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.