Park Aerospace Corp. (NYSE:PKE) Shares Bought by Penn Capital Management Company LLC

Penn Capital Management Company LLC lifted its holdings in shares of Park Aerospace Corp. (NYSE:PKE - Free Report) by 71.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 164,638 shares of the semiconductor company's stock after buying an additional 68,337 shares during the period. Penn Capital Management Company LLC owned 0.83% of Park Aerospace worth $2,412,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings 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 valued at $75,000 after purchasing an additional 4,282 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Park Aerospace in the fourth quarter worth $132,000. Petros Family Wealth LLC bought a new stake in Park Aerospace in the fourth quarter valued at $150,000. Private Advisor Group LLC boosted its holdings in shares of Park Aerospace by 15.4% during the fourth quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company's stock valued at $257,000 after acquiring an additional 2,335 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Park Aerospace by 2,084.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 19,597 shares of the semiconductor company's stock worth $287,000 after acquiring an additional 18,700 shares during the last quarter. Institutional investors and hedge funds own 77.83% of the company's stock.

Park Aerospace Price Performance

Shares of NYSE PKE traded up $0.07 during midday trading on Friday, hitting $13.30. 24,482 shares of the company's stock were exchanged, compared to its average volume of 66,096. Park Aerospace Corp. has a twelve month low of $11.96 and a twelve month high of $15.57. The firm has a market cap of $265.00 million, a P/E ratio of 36.94 and a beta of 0.36. The stock's 50 day moving average price is $13.39 and its 200-day moving average price is $14.13.

Park Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 3.76%. Park Aerospace's dividend payout ratio (DPR) is presently 138.89%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of 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.