Nisa Investment Advisors LLC Has $287,000 Stock Position in Park Aerospace Corp. (NYSE:PKE)

Nisa Investment Advisors LLC lifted its position in Park Aerospace Corp. (NYSE:PKE) by 2,084.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,597 shares of the semiconductor company’s stock after acquiring an additional 18,700 shares during the period. Nisa Investment Advisors LLC’s holdings in Park Aerospace were worth $287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its stake in shares of Park Aerospace by 5.4% during 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in Park Aerospace by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 661,134 shares of the semiconductor company’s stock valued at $9,044,000 after buying an additional 5,933 shares in the last quarter. Marshall Wace LLP acquired a new position in Park Aerospace during the 2nd quarter worth approximately $543,000. Squarepoint Ops LLC lifted its stake in shares of 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 acquiring an additional 4,307 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Park Aerospace in the 2nd quarter valued at approximately $617,000. 77.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Park Aerospace Stock Down 3.0 %

Shares of NYSE:PKE opened at $14.86 on Thursday. The firm has a market capitalization of $295.91 million, a price-to-earnings ratio of 41.26 and a beta of 0.43. The stock’s 50 day moving average is $14.72 and its 200-day moving average is $13.96. Park Aerospace Corp. has a twelve month low of $11.96 and a twelve month high of $16.96.

Park Aerospace (NYSE:PKE) last released its quarterly earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 earnings per share 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.125 per share. The ex-dividend date is Friday, January 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.37%. Park Aerospace’s dividend payout ratio is presently 138.89%.

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.