Beck Mack & Oliver LLC Decreases Stake in Park Aerospace Corp. $PKE

Beck Mack & Oliver LLC cut its holdings in shares of Park Aerospace Corp. (NYSE:PKE) by 8.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 687,886 shares of the semiconductor company’s stock after selling 64,211 shares during the period. Beck Mack & Oliver LLC owned about 3.46% of Park Aerospace worth $13,992,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in Park Aerospace by 50.0% in the second quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 726 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Park Aerospace during the 1st quarter valued at approximately $52,000. Tower Research Capital LLC TRC increased its holdings in Park Aerospace by 241.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock worth $63,000 after purchasing an additional 3,024 shares during the last quarter. Legal & General Group Plc increased its holdings in Park Aerospace by 161.0% during the 2nd quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 2,890 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Park Aerospace in the 3rd quarter valued at approximately $75,000. 77.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on PKE. Wall Street Zen upgraded Park Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings upgraded shares of Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Park Aerospace Stock Up 0.7%

Shares of NYSE:PKE opened at $26.76 on Friday. The company has a market cap of $533.14 million, a PE ratio of 62.22 and a beta of 0.29. Park Aerospace Corp. has a fifty-two week low of $11.97 and a fifty-two week high of $29.60. The firm has a 50-day simple moving average of $25.16 and a 200 day simple moving average of $21.65.

Park Aerospace (NYSE:PKE) last issued its earnings results on Tuesday, January 13th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $17.33 million for the quarter. Park Aerospace had a net margin of 13.14% and a return on equity of 9.28%.

Park Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Thursday, April 2nd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. Park Aerospace’s dividend payout ratio (DPR) is 116.28%.

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.