Park Aerospace Corp. (NYSE:PKE) Short Interest Update

Park Aerospace Corp. (NYSE:PKE - Get Free Report) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 229,000 shares, an increase of 15.7% from the January 15th total of 197,900 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 58,500 shares, the days-to-cover ratio is currently 3.9 days.

Institutional Investors Weigh In On Park Aerospace

Institutional investors and hedge funds have recently made changes to their positions in the company. Copeland Capital Management LLC bought a new stake in shares of Park Aerospace during the third quarter worth $43,000. BNP Paribas Financial Markets bought a new stake in shares of Park Aerospace during the fourth quarter worth $47,000. Tower Research Capital LLC TRC raised its position in shares of Park Aerospace by 515.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,112 shares of the semiconductor company's stock worth $75,000 after acquiring an additional 4,282 shares during the last quarter. Parvin Asset Management LLC bought a new stake in shares of Park Aerospace during the fourth quarter worth $78,000. Finally, SG Americas Securities LLC bought a new stake in shares of Park Aerospace during the fourth quarter worth $132,000. Institutional investors own 77.83% of the company's stock.

Analysts Set New Price Targets

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

Park Aerospace Stock Performance

Park Aerospace stock traded down $0.05 on Thursday, reaching $14.01. The company's stock had a trading volume of 45,439 shares, compared to its average volume of 54,992. The company has a market cap of $279.08 million, a price-to-earnings ratio of 38.92 and a beta of 0.43. The business's fifty day moving average price is $14.47 and its 200 day moving average price is $14.06. Park Aerospace has a twelve month low of $11.96 and a twelve month high of $16.96.

Park Aerospace (NYSE:PKE - Get Free Report) last posted 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 3rd were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Friday, January 3rd. Park Aerospace's dividend payout ratio is currently 138.89%.

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.