Van ECK Associates Corp Grows Stock Holdings in Park Aerospace Corp. (NYSE:PKE)

Van ECK Associates Corp grew its position in shares of Park Aerospace Corp. (NYSE:PKE) by 39.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,088 shares of the semiconductor company’s stock after purchasing an additional 3,146 shares during the period. Van ECK Associates Corp owned approximately 0.06% of Park Aerospace worth $160,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position in shares of Park Aerospace by 166.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 1,488 shares in the last quarter. Copeland Capital Management LLC purchased a new position in shares of Park Aerospace during the 3rd quarter valued at $43,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Park Aerospace during the 1st quarter worth $235,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Park Aerospace during the 1st quarter worth $245,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Park Aerospace by 1,704.2% during the 1st quarter. Russell Investments Group Ltd. now owns 19,738 shares of the semiconductor company’s stock worth $328,000 after acquiring an additional 18,644 shares during the last quarter. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

Park Aerospace Stock Performance

NYSE PKE opened at $14.82 on Thursday. Park Aerospace Corp. has a 52-week low of $11.96 and a 52-week high of $16.96. The company has a market capitalization of $295.81 million, a P/E ratio of 43.59 and a beta of 0.38. The company has a fifty day moving average of $13.70 and a 200-day moving average of $13.63.

Park Aerospace (NYSE:PKE) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $16.71 million during the quarter. Park Aerospace had a net margin of 11.82% and a return on equity of 6.61%.

Park Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Tuesday, October 1st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.37%. The ex-dividend date was Tuesday, October 1st. Park Aerospace’s dividend payout ratio is presently 147.06%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Park Aerospace from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th.

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.