Gamco Investors INC. ET AL Acquires 18,500 Shares of Park Aerospace Corp. $PKE

Key Points

• Gamco Investors INC. increased its position in Park Aerospace Corp. by 2.7%, owning approximately 694,400 shares worth $9.34 million, highlighting growing institutional interest in the company.
• Park Aerospace recently announced a quarterly dividend of $0.125 per share, resulting in an annualized dividend yield of 2.6%, though it has a high payout ratio of 147.06%.
• The company reported a net margin of 10.98% and revenue of $15.40 million for the last quarter, alongside a price-to-earnings ratio of 56.55%.

Gamco Investors INC. ET AL lifted its holdings in Park Aerospace Corp. (NYSE:PKE - Free Report) by 2.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 694,400 shares of the semiconductor company's stock after purchasing an additional 18,500 shares during the quarter. Gamco Investors INC. ET AL owned about 3.49% of Park Aerospace worth $9,340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in shares of Park Aerospace in the 4th quarter valued at approximately $47,000. Tower Research Capital LLC TRC grew its position in shares of Park Aerospace by 515.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,112 shares of the semiconductor company's stock valued at $75,000 after purchasing an additional 4,282 shares during the period. Parvin Asset Management LLC acquired a new position in shares of Park Aerospace in the 4th quarter valued at approximately $78,000. OLD National Bancorp IN acquired a new position in shares of Park Aerospace in the 1st quarter valued at approximately $149,000. Finally, GAMMA Investing LLC lifted its stake in Park Aerospace by 1,513.1% in the 1st quarter. GAMMA Investing LLC now owns 14,405 shares of the semiconductor company's stock valued at $194,000 after acquiring an additional 13,512 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

NYSE PKE traded down $0.24 during trading on Monday, hitting $18.71. The stock had a trading volume of 115,739 shares, compared to its average volume of 115,884. Park Aerospace Corp. has a 12 month low of $11.97 and a 12 month high of $20.72. The company has a market capitalization of $371.49 million, a PE ratio of 55.03 and a beta of 0.45. The company's 50-day moving average price is $17.16 and its two-hundred day moving average price is $14.80.

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

Park Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, July 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.7%. Park Aerospace's dividend payout ratio is currently 147.06%.

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.