Marshall Wace LLP Increases Stock Holdings in Park Aerospace Corp. (NYSE:PKE)

Marshall Wace LLP increased its position in shares of Park Aerospace Corp. (NYSE:PKE - Free Report) by 54.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,985 shares of the semiconductor company's stock after acquiring an additional 28,694 shares during the period. Marshall Wace LLP owned about 0.41% of Park Aerospace worth $1,186,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC boosted its stake 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 valued at $257,000 after purchasing an additional 2,335 shares during the period. Geode Capital Management LLC lifted its holdings in Park Aerospace by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company's stock worth $5,502,000 after buying an additional 5,491 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Park Aerospace by 295.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,713 shares of the semiconductor company's stock valued at $504,000 after buying an additional 28,924 shares during the period. Barclays PLC grew its stake in shares of Park Aerospace by 295.7% in the third quarter. Barclays PLC now owns 25,710 shares of the semiconductor company's stock worth $335,000 after acquiring an additional 19,213 shares in the last quarter. Finally, Brandes Investment Partners LP increased its position in shares of Park Aerospace by 4.4% during the fourth quarter. Brandes Investment Partners LP now owns 2,524,503 shares of the semiconductor company's stock worth $36,984,000 after acquiring an additional 107,447 shares during the period. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Park Aerospace from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd.

Park Aerospace Price Performance

Shares of PKE stock traded up $0.12 during trading hours on Friday, reaching $13.18. 29,567 shares of the stock were exchanged, compared to its average volume of 66,099. The business's fifty day moving average is $13.32 and its two-hundred day moving average is $14.12. The firm has a market capitalization of $262.65 million, a P/E ratio of 36.62 and a beta of 0.36. Park Aerospace Corp. has a 12-month low of $11.96 and a 12-month high of $15.57.

Park Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Wednesday, April 2nd will be issued a $0.125 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.79%. Park Aerospace's payout ratio is 138.89%.

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.