Nuveen LLC Buys New Shares in Park Aerospace Corp. $PKE

Nuveen LLC acquired a new position in shares of Park Aerospace Corp. (NYSE:PKE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 60,489 shares of the semiconductor company's stock, valued at approximately $814,000. Nuveen LLC owned 0.30% of Park Aerospace as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. raised its stake in Park Aerospace by 62.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 54,659 shares of the semiconductor company's stock worth $801,000 after acquiring an additional 20,997 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Park Aerospace in the 1st quarter worth about $450,000. Northern Trust Corp grew 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 worth $2,544,000 after purchasing an additional 7,609 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Park Aerospace by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 693,130 shares of the semiconductor company's stock worth $10,154,000 after purchasing an additional 21,452 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Park Aerospace in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 77.83% of the company's stock.

Park Aerospace Price Performance

Shares of Park Aerospace stock traded down $0.34 on Friday, hitting $19.11. The company had a trading volume of 98,325 shares, compared to its average volume of 104,980. The business has a 50-day simple moving average of $17.65 and a 200-day simple moving average of $14.96. The company has a market cap of $379.52 million, a PE ratio of 56.21 and a beta of 0.45. Park Aerospace Corp. has a 52 week low of $11.97 and a 52 week high of $20.72.

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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st were issued a $0.125 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.6%. Park Aerospace's dividend payout ratio (DPR) is 147.06%.

Analyst Ratings Changes

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

About Park Aerospace

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.