Bank of New York Mellon Corp Sells 50,299 Shares of Park Aerospace Corp. (NYSE:PKE)

Bank of New York Mellon Corp lessened its position in shares of Park Aerospace Corp. (NYSE:PKE) by 18.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,356 shares of the semiconductor company’s stock after selling 50,299 shares during the period. Bank of New York Mellon Corp owned about 1.10% of Park Aerospace worth $3,042,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Brandes Investment Partners LP increased its holdings in Park Aerospace by 0.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,681,353 shares of the semiconductor company’s stock worth $24,716,000 after purchasing an additional 9,717 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Park Aerospace by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 1,020,844 shares of the semiconductor company’s stock valued at $16,977,000 after acquiring an additional 7,821 shares in the last quarter. Heartland Advisors Inc. grew its holdings in shares of Park Aerospace by 0.8% in the 1st quarter. Heartland Advisors Inc. now owns 897,667 shares of the semiconductor company’s stock valued at $14,928,000 after acquiring an additional 6,818 shares in the last quarter. Foundation Resource Management Inc. grew its holdings in shares of Park Aerospace by 0.8% in the 2nd quarter. Foundation Resource Management Inc. now owns 463,734 shares of the semiconductor company’s stock valued at $6,344,000 after acquiring an additional 3,888 shares in the last quarter. Finally, Roubaix Capital LLC grew its holdings in shares of Park Aerospace by 33.3% in the 1st quarter. Roubaix Capital LLC now owns 409,224 shares of the semiconductor company’s stock valued at $6,805,000 after acquiring an additional 102,119 shares in the last quarter. Institutional investors own 77.83% of the company’s stock.

Park Aerospace Stock Performance

Park Aerospace stock opened at $13.55 on Monday. Park Aerospace Corp. has a 52 week low of $11.96 and a 52 week high of $16.96. The stock has a market capitalization of $274.43 million, a P/E ratio of 36.62 and a beta of 0.39. The stock has a 50-day simple moving average of $13.26 and a 200 day simple moving average of $14.14.

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

Park Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 5th. Shareholders 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 annualized dividend and a yield of 3.69%. Park Aerospace’s dividend payout ratio (DPR) is presently 135.14%.

Analyst Ratings Changes

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

Park Aerospace 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.