Royce & Associates LP Increases Position in Park Aerospace Corp. (NYSE:PKE)

Royce & Associates LP lifted its holdings in Park Aerospace Corp. (NYSE:PKE - Free Report) by 94.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 371,673 shares of the semiconductor company's stock after acquiring an additional 181,006 shares during the period. Royce & Associates LP owned 1.86% of Park Aerospace worth $4,843,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PKE. Nisa Investment Advisors LLC grew its stake in shares of Park Aerospace by 166.8% during the second quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company's stock valued at $33,000 after buying an additional 1,488 shares during the last quarter. Copeland Capital Management LLC bought a new position in Park Aerospace in the 3rd quarter valued at $43,000. Van ECK Associates Corp increased its stake in Park Aerospace by 39.6% in the third quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company's stock worth $160,000 after purchasing an additional 3,146 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Park Aerospace by 23.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company's stock worth $239,000 after purchasing an additional 3,507 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Park Aerospace during the first quarter valued at $245,000. Institutional investors own 77.83% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Park Aerospace from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th.

Park Aerospace Stock Down 0.3 %

NYSE:PKE traded down $0.04 during midday trading on Tuesday, hitting $14.62. The stock had a trading volume of 53,633 shares, compared to its average volume of 66,952. The stock has a 50-day moving average of $13.82 and a 200 day moving average of $13.63. The company has a market capitalization of $291.84 million, a price-to-earnings ratio of 43.00 and a beta of 0.38. Park Aerospace Corp. has a one year low of $11.96 and a one year high of $16.96.

Park Aerospace (NYSE:PKE - Get Free Report) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $0.10 earnings per share for the quarter. The business had revenue of $16.71 million during the quarter. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.

Park Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Tuesday, October 1st. Park Aerospace's dividend payout ratio (DPR) is 147.06%.

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.