D. E. Shaw & Co. Inc. Raises Position in Park Aerospace Corp. (NYSE:PKE)

D. E. Shaw & Co. Inc. grew its position in Park Aerospace Corp. (NYSE:PKE - Free Report) by 62.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,659 shares of the semiconductor company's stock after purchasing an additional 20,997 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.27% of Park Aerospace worth $801,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of 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 valued at $3,059,000 after purchasing an additional 887 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Park Aerospace by 2.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 47,431 shares of the semiconductor company's stock valued at $695,000 after buying an additional 1,099 shares during the last quarter. Kennedy Capital Management LLC grew its position in shares of Park Aerospace by 1.0% in the 4th quarter. Kennedy Capital Management LLC now owns 140,499 shares of the semiconductor company's stock valued at $2,058,000 after buying an additional 1,361 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Park Aerospace by 0.8% in the 4th quarter. Wells Fargo & Company MN now owns 225,039 shares of the semiconductor company's stock valued at $3,297,000 after buying an additional 1,764 shares during the last quarter. Finally, Martingale Asset Management L P grew its position in shares of Park Aerospace by 9.5% in the 4th quarter. Martingale Asset Management L P now owns 24,324 shares of the semiconductor company's stock valued at $356,000 after buying an additional 2,102 shares during the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Park Aerospace from a "buy" rating to a "hold" rating in a research report on Monday, May 19th.

Park Aerospace Trading Down 2.8%

Shares of NYSE PKE traded down $0.39 during mid-day trading on Wednesday, reaching $13.67. The company had a trading volume of 40,358 shares, compared to its average volume of 66,413. The firm has a 50 day simple moving average of $13.34 and a two-hundred day simple moving average of $14.04. The stock has a market cap of $272.30 million, a P/E ratio of 38.06 and a beta of 0.36. Park Aerospace Corp. has a 52-week low of $11.96 and a 52-week high of $15.57.

Park Aerospace (NYSE:PKE - Get Free Report) last posted its earnings results on Thursday, May 15th. The semiconductor company reported $0.06 EPS for the quarter. Park Aerospace had a net margin of 11.90% and a return on equity of 7.02%. The firm had revenue of $16.94 million for the quarter.

Park Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Wednesday, April 2nd were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Wednesday, April 2nd. Park Aerospace's payout ratio is 172.41%.

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.