Royce & Associates LP Grows Holdings in Park Aerospace Corp. (NYSE:PKE)

Royce & Associates LP grew its position in shares of Park Aerospace Corp. (NYSE:PKE - Free Report) by 55.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 579,151 shares of the semiconductor company's stock after buying an additional 207,478 shares during the period. Royce & Associates LP owned 2.91% of Park Aerospace worth $8,485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brandes Investment Partners LP lifted its holdings in Park Aerospace by 4.4% during the fourth quarter. Brandes Investment Partners LP now owns 2,524,503 shares of the semiconductor company's stock valued at $36,984,000 after purchasing an additional 107,447 shares during the last quarter. Atria Investments Inc raised its position in shares of Park Aerospace by 13.6% in the fourth quarter. Atria Investments Inc now owns 66,418 shares of the semiconductor company's stock valued at $973,000 after purchasing an additional 7,974 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Park Aerospace by 3.7% during the 4th quarter. Victory Capital Management Inc. now owns 179,494 shares of the semiconductor company's stock valued at $2,630,000 after buying an additional 6,420 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Park Aerospace by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 208,834 shares of the semiconductor company's stock worth $3,059,000 after buying an additional 887 shares during the period. Finally, Private Advisor Group LLC grew its stake in Park Aerospace by 15.4% in the 4th quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company's stock valued at $257,000 after buying an additional 2,335 shares in the last quarter. Institutional investors own 77.83% of the company's stock.

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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 Stock Performance

NYSE PKE traded up $0.16 during trading hours on Friday, hitting $13.85. The company had a trading volume of 142,727 shares, compared to its average volume of 63,212. The firm has a market capitalization of $275.86 million, a price-to-earnings ratio of 38.46 and a beta of 0.40. Park Aerospace Corp. has a 52 week low of $11.96 and a 52 week high of $16.96. The firm has a 50 day simple moving average of $14.11 and a 200 day simple moving average of $14.14.

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 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 Friday, May 2nd. Stockholders 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 dividend yield of 3.61%. Park Aerospace's dividend payout ratio (DPR) is currently 138.89%.

Park Aerospace 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.