Brandes Investment Partners LP Buys 229,720 Shares of Park Aerospace Corp. (NYSE:PKE)

Brandes Investment Partners LP grew its stake in shares of Park Aerospace Corp. (NYSE:PKE) by 12.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,150,573 shares of the semiconductor company’s stock after acquiring an additional 229,720 shares during the period. Brandes Investment Partners LP owned about 0.11% of Park Aerospace worth $29,256,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Squarepoint Ops LLC increased its holdings in shares of Park Aerospace by 9.5% during the second quarter. Squarepoint Ops LLC now owns 49,794 shares of the semiconductor company’s stock valued at $681,000 after acquiring an additional 4,307 shares in the last quarter. Marshall Wace LLP bought a new stake in Park Aerospace in the 2nd quarter worth about $543,000. Renaissance Technologies LLC increased its holdings in Park Aerospace by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 992,797 shares of the semiconductor company’s stock worth $13,581,000 after buying an additional 8,700 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Park Aerospace by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 661,134 shares of the semiconductor company’s stock worth $9,044,000 after buying an additional 5,933 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Park Aerospace by 5.4% in the 2nd 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 in the last quarter. 77.83% of the stock is currently owned by institutional investors.

Park Aerospace Stock Performance

Shares of NYSE:PKE opened at $13.01 on Monday. The stock has a market capitalization of $263.45 million, a price-to-earnings ratio of 35.16 and a beta of 0.39. The stock’s 50-day simple moving average is $13.15 and its two-hundred day simple moving average is $14.01. Park Aerospace Corp. has a 52-week low of $11.96 and a 52-week high of $16.96.

Park Aerospace (NYSE:PKE) last posted its quarterly earnings data on Tuesday, July 16th. The semiconductor company reported $0.09 earnings per share for the quarter. Park Aerospace had a return on equity of 6.27% and a net margin of 12.15%. The firm had revenue of $13.97 million for the quarter.

Park Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.84%. Park Aerospace’s payout ratio is currently 135.14%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Park Aerospace from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th.

Park Aerospace Company 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.