Dimensional Fund Advisors LP Raises Stock Holdings in Park Aerospace Corp. (NYSE:PKE)

Dimensional Fund Advisors LP grew its position in shares of Park Aerospace Corp. (NYSE:PKE - Free Report) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 693,130 shares of the semiconductor company's stock after purchasing an additional 21,452 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.48% of Park Aerospace worth $10,154,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Park Aerospace during the 4th quarter worth approximately $132,000. Petros Family Wealth LLC bought a new position in Park Aerospace during the 4th quarter worth approximately $150,000. Private Advisor Group LLC boosted 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 period. Nisa Investment Advisors LLC boosted its holdings in Park Aerospace by 2,084.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,597 shares of the semiconductor company's stock valued at $287,000 after acquiring an additional 18,700 shares in the last quarter. Finally, Townsquare Capital LLC increased its position in shares of Park Aerospace by 21.1% during the fourth quarter. Townsquare Capital LLC now owns 19,666 shares of the semiconductor company's stock valued at $288,000 after buying an additional 3,423 shares during the period. 77.83% of the stock is owned by institutional investors and hedge funds.

Park Aerospace Price Performance

Shares of NYSE:PKE traded up $0.19 during trading on Thursday, hitting $13.66. 5,110 shares of the company's stock were exchanged, compared to its average volume of 65,997. The business's 50-day simple moving average is $13.28 and its 200 day simple moving average is $14.06. Park Aerospace Corp. has a 52-week low of $11.96 and a 52-week high of $15.57. The company has a market cap of $272.18 million, a price-to-earnings ratio of 37.88 and a beta of 0.36.

Park Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Wednesday, April 2nd were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Wednesday, April 2nd. Park Aerospace's dividend payout ratio (DPR) is presently 138.89%.

Analyst Upgrades and Downgrades

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

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.