Park Aerospace Corp. (NYSE:PKE) Shares Sold by Continuum Advisory LLC

Continuum Advisory LLC reduced its stake in shares of Park Aerospace Corp. (NYSE:PKE - Free Report) by 33.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,544 shares of the semiconductor company's stock after selling 44,274 shares during the period. Continuum Advisory LLC owned approximately 0.44% of Park Aerospace worth $1,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PKE. Private Advisor Group LLC raised its holdings in shares of Park Aerospace by 15.4% during 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 last quarter. Bank of New York Mellon Corp raised its holdings in shares of Park Aerospace by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 208,834 shares of the semiconductor company's stock worth $3,059,000 after purchasing an additional 887 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Park Aerospace by 3.7% during the fourth quarter. Victory Capital Management Inc. now owns 179,494 shares of the semiconductor company's stock worth $2,630,000 after purchasing an additional 6,420 shares during the last quarter. Atria Investments Inc increased its holdings in Park Aerospace by 13.6% in the fourth quarter. Atria Investments Inc now owns 66,418 shares of the semiconductor company's stock valued at $973,000 after buying an additional 7,974 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its stake in Park Aerospace by 4.4% in the 4th quarter. Brandes Investment Partners LP now owns 2,524,503 shares of the semiconductor company's stock valued at $36,984,000 after buying an additional 107,447 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Park Aerospace Price Performance

NYSE:PKE opened at $13.61 on Monday. The firm has a market capitalization of $271.17 million, a price-to-earnings ratio of 46.94 and a beta of 0.39. The company's 50-day moving average is $13.57 and its two-hundred day moving average is $13.89. Park Aerospace Corp. has a 1-year low of $11.96 and a 1-year 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 earnings per share for the quarter. The company had revenue of $16.94 million for 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 $0.125 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $0.50 annualized dividend and a dividend yield of 3.67%. Park Aerospace's dividend payout ratio is currently 172.41%.

Analyst Ratings Changes

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

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.

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