Park Aerospace (NYSE:PKE) Releases Earnings Results

Park Aerospace (NYSE:PKE - Get Free Report) announced its quarterly earnings results on Tuesday. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $15.40 million during the quarter. Park Aerospace had a return on equity of 7.54% and a net margin of 10.98%.

Park Aerospace Price Performance

Shares of PKE stock traded up $1.82 during trading hours on Wednesday, hitting $17.34. The stock had a trading volume of 485,380 shares, compared to its average volume of 65,667. The firm has a market capitalization of $345.31 million, a PE ratio of 50.99 and a beta of 0.41. The stock's 50 day moving average is $14.23 and its 200 day moving average is $13.94. Park Aerospace has a twelve month low of $11.96 and a twelve month high of $17.61.

Park Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 1st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Tuesday, July 1st. Park Aerospace's dividend payout ratio (DPR) is 147.06%.

Hedge Funds Weigh In On Park Aerospace

An institutional investor recently raised its position in Park Aerospace stock. Jane Street Group LLC lifted its holdings in shares of Park Aerospace Corp. (NYSE:PKE - Free Report) by 11.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,205 shares of the semiconductor company's stock after acquiring an additional 1,456 shares during the period. Jane Street Group LLC owned 0.07% of Park Aerospace worth $191,000 at the end of the most recent reporting period. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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.