Park Aerospace Corp. $PKE Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of Park Aerospace Corp. (NYSE:PKE) by 31.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,413 shares of the semiconductor company’s stock after purchasing an additional 15,292 shares during the period. Quantinno Capital Management LP owned about 0.32% of Park Aerospace worth $1,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of PKE. Lazard Asset Management LLC purchased a new stake in shares of Park Aerospace during the first quarter worth $2,011,000. Renaissance Technologies LLC lifted its stake in shares of Park Aerospace by 2.3% in the first quarter. Renaissance Technologies LLC now owns 859,097 shares of the semiconductor company’s stock worth $23,522,000 after buying an additional 19,057 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Park Aerospace by 16.7% in the first quarter. Gabelli Funds LLC now owns 15,099 shares of the semiconductor company’s stock worth $413,000 after buying an additional 2,160 shares in the last quarter. Sei Investments Co. boosted its position in Park Aerospace by 116.2% during the first quarter. Sei Investments Co. now owns 263,034 shares of the semiconductor company’s stock worth $7,202,000 after acquiring an additional 141,359 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in Park Aerospace during the first quarter worth about $342,000. Institutional investors and hedge funds own 77.83% of the company’s stock.

Insider Buying and Selling

In related news, insider Constantine Petropoulos sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.00, for a total value of $90,000.00. Following the transaction, the insider directly owned 2,500 shares in the company, valued at approximately $90,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.10% of the company’s stock.

Park Aerospace Trading Up 1.6%

Park Aerospace stock opened at $37.42 on Wednesday. Park Aerospace Corp. has a 12-month low of $17.25 and a 12-month high of $39.86. The stock has a market cap of $813.91 million, a P/E ratio of 59.40 and a beta of 0.41. The company has a 50-day moving average price of $34.63 and a 200 day moving average price of $31.18.

Park Aerospace (NYSE:PKE) last posted its earnings results on Monday, July 20th. The semiconductor company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. Park Aerospace had a net margin of 16.70% and a return on equity of 10.75%. The company had revenue of $18.31 million for the quarter, compared to analyst estimates of $17.95 million.

Park Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Wednesday, July 1st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, July 1st. Park Aerospace’s payout ratio is presently 79.37%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PKE shares. Citizens Jmp began coverage on Park Aerospace in a report on Tuesday, June 9th. They set a “market outperform” rating and a $42.00 target price on the stock. Wall Street Zen downgraded Park Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Weiss Ratings upgraded Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 1st. Citigroup reissued a “market outperform” rating on shares of Park Aerospace in a research note on Tuesday, July 21st. Finally, Needham & Company LLC restated a “buy” rating and issued a $43.00 target price on shares of Park Aerospace in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Park Aerospace currently has a consensus rating of “Buy” and an average price target of $42.50.

Park Aerospace Company Profile

Park Aerospace (NYSE: PKE) is a specialized materials and manufacturing company that designs, develops and produces high-performance composite structures, engineered laminates and specialty adhesives for aerospace, defense and industrial markets. Its product portfolio includes advanced honeycomb cores, composite assemblies, dielectric and high-reliability circuit materials, as well as structural and bonding solutions that meet demanding performance and weight requirements.

The company operates through two principal segments.