Park Aerospace Corp. $PKE Shares Acquired by Foundation Resource Management Inc.

Key Points

• Foundation Resource Management Inc. acquired an additional 19,087 shares of Park Aerospace Corp., raising its ownership stake to 2.47% valued at approximately $7.27 million.
• Institutional investors now hold a significant 77.83% of Park Aerospace's stock, indicating strong interest in the company.
• Park Aerospace announced a quarterly dividend of $0.125 per share, representing an annualized yield of 2.6% and a high payout ratio of 147.06%.

Foundation Resource Management Inc. increased its holdings in Park Aerospace Corp. (NYSE:PKE - Free Report) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 491,897 shares of the semiconductor company's stock after purchasing an additional 19,087 shares during the period. Foundation Resource Management Inc. owned approximately 2.47% of Park Aerospace worth $7,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Gamco Investors INC. ET AL boosted its stake in Park Aerospace by 2.7% in the first quarter. Gamco Investors INC. ET AL now owns 694,400 shares of the semiconductor company's stock valued at $9,340,000 after acquiring an additional 18,500 shares during the last quarter. Roubaix Capital LLC boosted its holdings in Park Aerospace by 2.6% in the 1st quarter. Roubaix Capital LLC now owns 467,484 shares of the semiconductor company's stock valued at $6,288,000 after purchasing an additional 11,687 shares during the period. Uniplan Investment Counsel Inc. lifted its holdings in shares of Park Aerospace by 0.6% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 246,215 shares of the semiconductor company's stock worth $3,312,000 after acquiring an additional 1,579 shares during the period. Victory Capital Management Inc. increased its position in Park Aerospace by 0.8% during the 1st quarter. Victory Capital Management Inc. now owns 180,944 shares of the semiconductor company's stock worth $2,434,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of 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 purchasing an additional 7,609 shares during the last quarter. Institutional investors and hedge funds own 77.83% of the company's stock.

Park Aerospace Stock Performance

Shares of Park Aerospace stock traded up $0.23 during trading hours on Monday, reaching $19.25. The company's stock had a trading volume of 165,203 shares, compared to its average volume of 92,945. Park Aerospace Corp. has a one year low of $11.97 and a one year high of $20.72. The company has a market capitalization of $382.31 million, a P/E ratio of 56.62 and a beta of 0.45. The stock's fifty day simple moving average is $18.51 and its two-hundred day simple moving average is $15.39.

Park Aerospace (NYSE:PKE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $15.40 million during the quarter. Park Aerospace had a net margin of 10.98% and a return on equity of 7.60%.

Park Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 1st will be paid a $0.125 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.6%. Park Aerospace's payout ratio is presently 147.06%.

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.