Cove Street Capital LLC Sells 68,893 Shares of Park Aerospace Corp. (NYSE:PKE)

Cove Street Capital LLC reduced its position in Park Aerospace Corp. (NYSE:PKE - Free Report) by 68.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,723 shares of the semiconductor company's stock after selling 68,893 shares during the quarter. Cove Street Capital LLC owned approximately 0.16% of Park Aerospace worth $464,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PKE. FMR LLC grew its holdings in Park Aerospace by 26.3% during the 3rd quarter. FMR LLC now owns 26,336 shares of the semiconductor company's stock worth $343,000 after acquiring an additional 5,492 shares during the period. Townsquare Capital LLC grew its stake in Park Aerospace by 8.3% during the third quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company's stock worth $212,000 after purchasing an additional 1,248 shares during the period. Jane Street Group LLC increased its holdings in Park Aerospace by 76.5% in the third quarter. Jane Street Group LLC now owns 30,057 shares of the semiconductor company's stock worth $392,000 after purchasing an additional 13,024 shares in the last quarter. Barclays PLC lifted its stake in Park Aerospace by 295.7% in the third quarter. Barclays PLC now owns 25,710 shares of the semiconductor company's stock valued at $335,000 after buying an additional 19,213 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Park Aerospace by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company's stock worth $5,502,000 after buying an additional 5,491 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

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Park Aerospace Price Performance

Shares of PKE traded down $0.51 during trading hours on Thursday, hitting $12.83. The stock had a trading volume of 16,311 shares, compared to its average volume of 64,256. Park Aerospace Corp. has a 1-year low of $11.96 and a 1-year high of $16.32. The firm has a market capitalization of $255.64 million, a P/E ratio of 35.64 and a beta of 0.40. The firm has a 50 day simple moving average of $13.99 and a 200-day simple moving average of $14.17.

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

Park Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Wednesday, April 2nd will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Wednesday, April 2nd. Park Aerospace's dividend payout ratio (DPR) is 138.89%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Park Aerospace from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd.

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.