D. E. Shaw & Co. Inc. Grows Stock Holdings in Park Aerospace Corp. (NYSE:PKE)

D. E. Shaw & Co. Inc. lifted its holdings in Park Aerospace Corp. (NYSE:PKE - Free Report) by 62.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,659 shares of the semiconductor company's stock after purchasing an additional 20,997 shares during the period. D. E. Shaw & Co. Inc. owned about 0.27% of Park Aerospace worth $801,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PKE. Epacria Capital Partners LLC increased its stake in shares of Park Aerospace by 7.7% in the 4th quarter. Epacria Capital Partners LLC now owns 69,882 shares of the semiconductor company's stock worth $1,024,000 after acquiring an additional 5,000 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Park Aerospace during the 4th quarter valued at about $47,000. Parvin Asset Management LLC acquired a new position in Park Aerospace in the 4th quarter valued at about $78,000. PDT Partners LLC acquired a new stake in Park Aerospace during the 4th quarter worth approximately $238,000. Finally, Northern Trust Corp boosted its position in Park Aerospace by 4.6% in the 4th quarter. Northern Trust Corp now owns 173,657 shares of the semiconductor company's stock valued at $2,544,000 after buying an additional 7,609 shares during the period. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Park Aerospace from a "buy" rating to a "hold" rating in a research note on Monday, May 19th.

Park Aerospace Stock Performance

PKE stock traded up $0.04 during mid-day trading on Thursday, reaching $13.74. The company had a trading volume of 31,703 shares, compared to its average volume of 66,494. Park Aerospace Corp. has a fifty-two week low of $11.96 and a fifty-two week high of $15.57. The company has a market capitalization of $273.77 million, a price-to-earnings ratio of 38.17 and a beta of 0.36. The firm has a fifty day simple moving average of $13.33 and a 200 day simple moving average of $14.03.

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 return on equity of 7.02% and a net margin of 11.90%. The firm had revenue of $16.94 million for the quarter.

Park Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Wednesday, April 2nd were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 3.64%. Park Aerospace's dividend payout ratio (DPR) is presently 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.