Strs Ohio Sells 3,300 Shares of Park Aerospace Corp. (NYSE:PKE)

Strs Ohio lessened its holdings in shares of Park Aerospace Corp. (NYSE:PKE) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,900 shares of the semiconductor company’s stock after selling 3,300 shares during the quarter. Strs Ohio’s holdings in Park Aerospace were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Victory Capital Management Inc. raised its holdings in shares of Park Aerospace by 0.5% during the third quarter. Victory Capital Management Inc. now owns 170,277 shares of the semiconductor company’s stock valued at $2,644,000 after acquiring an additional 809 shares in the last quarter. WINTON GROUP Ltd raised its holdings in Park Aerospace by 8.3% in the third quarter. WINTON GROUP Ltd now owns 11,115 shares of the semiconductor company’s stock worth $173,000 after purchasing an additional 852 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Park Aerospace by 5.9% in the third quarter. PNC Financial Services Group Inc. now owns 18,798 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 1,047 shares in the last quarter. SG Americas Securities LLC raised its holdings in Park Aerospace by 26.4% in the fourth quarter. SG Americas Securities LLC now owns 10,132 shares of the semiconductor company’s stock worth $149,000 after purchasing an additional 2,118 shares in the last quarter. Finally, Copeland Capital Management LLC bought a new position in Park Aerospace in the third quarter worth $33,000. Institutional investors own 77.83% of the company’s stock.

Park Aerospace Trading Up 0.8 %

PKE opened at $14.76 on Friday. The stock has a fifty day simple moving average of $15.34 and a two-hundred day simple moving average of $14.97. The company has a market cap of $298.89 million, a price-to-earnings ratio of 31.40 and a beta of 0.45. Park Aerospace Corp. has a 12-month low of $11.91 and a 12-month high of $16.96.

Park Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 2nd will be issued a $0.125 dividend. The ex-dividend date is Monday, April 1st. This represents a $0.50 dividend on an annualized basis and a yield of 3.39%. Park Aerospace’s dividend payout ratio (DPR) is 106.38%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Park Aerospace from a “buy” rating to a “hold” rating in a report on Friday, January 12th.

About Park Aerospace

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.