Essex Investment Management Co. LLC Invests $3.06 Million in Park Aerospace Corp. $PKE

Essex Investment Management Co. LLC purchased a new position in shares of Park Aerospace Corp. (NYSE:PKE) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 150,434 shares of the semiconductor company’s stock, valued at approximately $3,060,000.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in Park Aerospace by 50.0% during the second quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 726 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Park Aerospace in the 1st quarter valued at $52,000. First Horizon Advisors Inc. raised its holdings in shares of Park Aerospace by 179.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,596 shares of the semiconductor company’s stock worth $53,000 after buying an additional 2,307 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Park Aerospace by 241.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock worth $63,000 after buying an additional 3,024 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Park Aerospace by 161.0% during the 2nd quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company’s stock worth $69,000 after buying an additional 2,890 shares during the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on PKE. Wall Street Zen raised Park Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings cut shares of Park Aerospace from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Park Aerospace Stock Up 1.8%

Shares of Park Aerospace stock opened at $24.76 on Tuesday. The stock has a market cap of $493.47 million, a price-to-earnings ratio of 57.58 and a beta of 0.31. Park Aerospace Corp. has a twelve month low of $11.97 and a twelve month high of $26.12. The company’s fifty day moving average is $22.51 and its 200 day moving average is $20.30.

Park Aerospace (NYSE:PKE) last announced its earnings results on Tuesday, January 13th. The semiconductor company reported $0.15 EPS for the quarter. Park Aerospace had a return on equity of 9.28% and a net margin of 13.14%.The firm had revenue of $17.33 million for the quarter.

Park Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Friday, January 2nd were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, January 2nd. Park Aerospace’s dividend payout ratio is currently 116.28%.

Park Aerospace Profile

Park Aerospace (NYSE: PKE) is a specialized materials and manufacturing company that designs, develops and produces high-performance composite structures, engineered laminates and specialty adhesives for aerospace, defense and industrial markets. Its product portfolio includes advanced honeycomb cores, composite assemblies, dielectric and high-reliability circuit materials, as well as structural and bonding solutions that meet demanding performance and weight requirements.

The company operates through two principal segments.