Brandes Investment Partners LP Raises Position in Park Aerospace Corp. (NYSE:PKE)

Brandes Investment Partners LP increased its holdings in Park Aerospace Corp. (NYSE:PKE) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,524,503 shares of the semiconductor company’s stock after purchasing an additional 107,447 shares during the quarter. Brandes Investment Partners LP owned 12.67% of Park Aerospace worth $36,984,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Park Aerospace in the 4th quarter worth $132,000. Townsquare Capital LLC boosted its stake in shares of Park Aerospace by 8.3% during the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 1,248 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Park Aerospace by 15.4% during the 4th quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company’s stock valued at $257,000 after purchasing an additional 2,335 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Park Aerospace by 23.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock valued at $239,000 after acquiring an additional 3,507 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position 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 valued at $287,000 after acquiring an additional 18,700 shares during the period. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Wall Street Analyst Weigh In

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

Park Aerospace Trading Up 1.2 %

Shares of NYSE PKE opened at $13.48 on Friday. The firm has a 50 day moving average of $14.16 and a 200 day moving average of $14.14. The firm has a market capitalization of $268.49 million, a price-to-earnings ratio of 37.43 and a beta of 0.40. Park Aerospace Corp. has a 12-month low of $11.96 and a 12-month high of $16.96.

Park Aerospace (NYSE:PKE) last issued its 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 announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Wednesday, April 2nd will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Wednesday, April 2nd. Park Aerospace’s dividend payout ratio is currently 138.89%.

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.