Continuum Advisory LLC Cuts Stock Position in Park Aerospace Corp. (NYSE:PKE)

Continuum Advisory LLC lowered its position in shares of Park Aerospace Corp. (NYSE:PKE - Free Report) by 33.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,544 shares of the semiconductor company's stock after selling 44,274 shares during the period. Continuum Advisory LLC owned 0.44% of Park Aerospace worth $1,191,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PKE. D. E. Shaw & Co. Inc. lifted its stake in Park Aerospace by 62.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 54,659 shares of the semiconductor company's stock worth $801,000 after purchasing an additional 20,997 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Park Aerospace by 15.4% in the fourth quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company's stock worth $257,000 after purchasing an additional 2,335 shares during the period. Brandes Investment Partners LP raised its position in shares of Park Aerospace by 4.4% in the fourth quarter. Brandes Investment Partners LP now owns 2,524,503 shares of the semiconductor company's stock worth $36,984,000 after buying an additional 107,447 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Park Aerospace by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 693,130 shares of the semiconductor company's stock valued at $10,154,000 after buying an additional 21,452 shares during the period. Finally, Northern Trust Corp grew its position in Park Aerospace by 4.6% during the fourth quarter. Northern Trust Corp now owns 173,657 shares of the semiconductor company's stock worth $2,544,000 after buying an additional 7,609 shares in the last quarter. Hedge funds and other institutional investors own 77.83% of the company's stock.

Analyst Upgrades and Downgrades

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

Park Aerospace Stock Up 1.4%

Shares of PKE stock traded up $0.19 during trading on Thursday, hitting $13.99. The company had a trading volume of 64,288 shares, compared to its average volume of 65,006. The stock's 50-day moving average is $13.63 and its two-hundred day moving average is $13.87. The stock has a market capitalization of $278.68 million, a price-to-earnings ratio of 48.24 and a beta of 0.39. 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 announced its earnings results on Thursday, May 15th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $16.94 million during the quarter. Park Aerospace had a net margin of 9.48% and a return on equity of 7.21%.

Park Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Tuesday, July 1st. Park Aerospace's dividend payout ratio is currently 172.41%.

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.