Russell Investments Group Ltd. Grows Holdings in Park Aerospace Corp. (NYSE:PKE)

Russell Investments Group Ltd. boosted its stake in Park Aerospace Corp. (NYSE:PKE - Free Report) by 41.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,634 shares of the semiconductor company's stock after buying an additional 23,010 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.39% of Park Aerospace worth $1,152,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in Park Aerospace during the fourth quarter worth approximately $132,000. Private Advisor Group LLC raised its position in shares of Park Aerospace by 15.4% in the 4th quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company's stock worth $257,000 after buying an additional 2,335 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Park Aerospace by 2,084.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,597 shares of the semiconductor company's stock valued at $287,000 after acquiring an additional 18,700 shares during the last quarter. Barclays PLC increased its stake in Park Aerospace by 295.7% during the third quarter. Barclays PLC now owns 25,710 shares of the semiconductor company's stock worth $335,000 after acquiring an additional 19,213 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Park Aerospace by 113.3% in the 4th quarter. LPL Financial LLC now owns 22,936 shares of the semiconductor company's stock worth $336,000 after purchasing an additional 12,181 shares during the period. Hedge funds and other institutional investors own 77.83% of the company's stock.

Analyst Upgrades and Downgrades

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

Park Aerospace Trading Up 0.3 %

Shares of PKE traded up $0.04 during midday trading on Friday, reaching $13.27. 13,314 shares of the company were exchanged, compared to its average volume of 65,939. Park Aerospace Corp. has a 1-year low of $11.96 and a 1-year high of $15.57. The company has a market cap of $264.38 million, a price-to-earnings ratio of 36.83 and a beta of 0.36. The stock has a 50-day moving average price of $13.40 and a 200-day moving average price of $14.12.

Park Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.77%. Park Aerospace's dividend payout ratio is currently 138.89%.

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.