Nisa Investment Advisors LLC Buys 18,700 Shares of Park Aerospace Corp. (NYSE:PKE)

Nisa Investment Advisors LLC lifted its holdings in shares of Park Aerospace Corp. (NYSE:PKE - Free Report) by 2,084.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,597 shares of the semiconductor company's stock after purchasing an additional 18,700 shares during the period. Nisa Investment Advisors LLC owned about 0.10% of Park Aerospace worth $287,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Park Aerospace by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 661,134 shares of the semiconductor company's stock worth $9,044,000 after purchasing an additional 5,933 shares during the period. Foundation Resource Management Inc. boosted its position in shares of Park Aerospace by 0.8% in the fourth quarter. Foundation Resource Management Inc. now owns 469,278 shares of the semiconductor company's stock valued at $6,875,000 after acquiring an additional 3,519 shares during the period. Geode Capital Management LLC grew its stake in Park Aerospace by 1.3% during the third quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company's stock valued at $5,502,000 after acquiring an additional 5,491 shares in the last quarter. Royce & Associates LP increased 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 during the period. Finally, Victory Capital Management Inc. increased its holdings in Park Aerospace by 5.4% during the 3rd quarter. Victory Capital Management Inc. now owns 173,074 shares of the semiconductor company's stock worth $2,255,000 after acquiring an additional 8,823 shares during the period. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

Park Aerospace Stock Performance

PKE traded down $0.13 on Thursday, reaching $14.68. The company had a trading volume of 41,634 shares, compared to its average volume of 60,365. Park Aerospace Corp. has a 52-week low of $11.96 and a 52-week high of $16.96. The company has a market cap of $292.50 million, a price-to-earnings ratio of 40.78 and a beta of 0.43. The business has a 50 day simple moving average of $14.72 and a 200 day simple moving average of $13.96.

Park Aerospace (NYSE:PKE - Get Free Report) last posted its quarterly earnings data 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 4th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, January 3rd. Park Aerospace's dividend payout ratio (DPR) is currently 138.89%.

Analyst Ratings Changes

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

Park Aerospace Company 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.