15,388 Shares in Park Aerospace Corp. $PKE Purchased by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 15,388 shares of Park Aerospace Corp., valued at approximately $227,000, representing about 0.08% ownership in the company.
• Park Aerospace recently announced a quarterly dividend of $0.125 per share, with a dividend yield of 2.5% and a payout ratio of 138.89%.
• The company reported a Q2 EPS of $0.12 and revenue of $16.38 million, showing a net margin of 11.57% and a year-over-year EPS increase from $0.10.

Callan Family Office LLC purchased a new position in shares of Park Aerospace Corp. (NYSE:PKE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,388 shares of the semiconductor company's stock, valued at approximately $227,000. Callan Family Office LLC owned approximately 0.08% of Park Aerospace as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new stake in shares of Park Aerospace in the first quarter valued at about $52,000. Fiduciary Alliance LLC acquired a new position in Park Aerospace during the second quarter valued at approximately $172,000. Jane Street Group LLC grew its stake in Park Aerospace by 11.4% in the first quarter. Jane Street Group LLC now owns 14,205 shares of the semiconductor company's stock valued at $191,000 after purchasing an additional 1,456 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Park Aerospace by 1,513.1% during the 1st quarter. GAMMA Investing LLC now owns 14,405 shares of the semiconductor company's stock worth $194,000 after purchasing an additional 13,512 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Park Aerospace by 5.9% during the 1st quarter. Private Advisor Group LLC now owns 18,561 shares of the semiconductor company's stock worth $250,000 after purchasing an additional 1,033 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Park Aerospace in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Park Aerospace presently has an average rating of "Hold".

Park Aerospace Trading Down 4.9%

Shares of NYSE PKE opened at $19.91 on Friday. The company has a market capitalization of $396.41 million, a P/E ratio of 55.31 and a beta of 0.46. Park Aerospace Corp. has a 12 month low of $11.97 and a 12 month high of $21.52. The stock has a 50 day moving average of $19.20 and a 200-day moving average of $16.17.

Park Aerospace (NYSE:PKE - Get Free Report) last released its quarterly earnings data on Thursday, October 9th. The semiconductor company reported $0.12 EPS for the quarter. The firm had revenue of $16.38 million during the quarter. Park Aerospace had a net margin of 11.57% and a return on equity of 7.97%. During the same period last year, the firm earned $0.10 earnings per share.

Park Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.5%. Park Aerospace's dividend payout ratio (DPR) is 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.

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