Brandes Investment Partners LP Buys 107,447 Shares of Park Aerospace Corp. (NYSE:PKE)

Brandes Investment Partners LP lifted its stake in Park Aerospace Corp. (NYSE:PKE) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,524,503 shares of the semiconductor company’s stock after purchasing an additional 107,447 shares during the period. Brandes Investment Partners LP owned about 0.13% of Park Aerospace worth $36,984,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Royce & Associates LP grew its holdings in Park Aerospace by 94.9% during the 3rd quarter. Royce & Associates LP now owns 371,673 shares of the semiconductor company’s stock worth $4,843,000 after acquiring an additional 181,006 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Park Aerospace by 295.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,713 shares of the semiconductor company’s stock worth $504,000 after acquiring an additional 28,924 shares in the last quarter. Barclays PLC grew its holdings in Park Aerospace by 295.7% during the 3rd quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock worth $335,000 after acquiring an additional 19,213 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Park Aerospace by 2,084.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 19,597 shares of the semiconductor company’s stock worth $287,000 after acquiring an additional 18,700 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Park Aerospace by 76.5% during the 3rd quarter. Jane Street Group LLC now owns 30,057 shares of the semiconductor company’s stock worth $392,000 after acquiring an additional 13,024 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors.

Park Aerospace Stock Performance

NYSE:PKE opened at $13.48 on Friday. The stock has a market capitalization of $268.49 million, a P/E ratio of 37.43 and a beta of 0.40. The company’s 50-day simple moving average is $14.16 and its 200-day simple moving average is $14.14. Park Aerospace Corp. has a fifty-two week low of $11.96 and a fifty-two week high of $16.96.

Park Aerospace (NYSE:PKE) last announced its quarterly earnings data on Tuesday, January 14th. The semiconductor company reported $0.08 EPS for the quarter. Park Aerospace had a net margin of 11.90% and a return on equity of 7.02%.

Park Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, April 2nd. Park Aerospace’s dividend payout ratio (DPR) is 138.89%.

Wall Street Analysts Forecast Growth

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

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.