Park Aerospace's (PKE) "Hold (C+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Park Aerospace (NYSE:PKE) has had its stock rating reaffirmed as "hold (C+)" by Weiss Ratings, indicating a neutral outlook for investors.
• The company's stock opened at $20.64 and has a market capitalization of $409.91 million, with a price-to-earnings ratio of 60.71.
• Recent institutional trading activities include significant increases in positions by several hedge funds, with 77.83% of the company's stock now owned by institutional investors.

Park Aerospace (NYSE:PKE - Get Free Report)'s stock had its "hold (c+)" rating restated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Park Aerospace Trading Up 3.5%

PKE stock opened at $20.64 on Wednesday. The firm's 50-day moving average price is $18.89 and its two-hundred day moving average price is $15.89. Park Aerospace has a 12-month low of $11.97 and a 12-month high of $21.01. The stock has a market capitalization of $409.91 million, a price-to-earnings ratio of 60.71 and a beta of 0.46.

Park Aerospace (NYSE:PKE - Get Free Report) last released 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 net margin of 10.98% and a return on equity of 7.60%. The firm had revenue of $15.40 million for the quarter.

Institutional Trading of Park Aerospace

Several hedge funds and other institutional investors have recently made changes to their positions in PKE. GAMMA Investing LLC increased its position in Park Aerospace by 1,513.1% during the 1st quarter. GAMMA Investing LLC now owns 14,405 shares of the semiconductor company's stock valued at $194,000 after buying an additional 13,512 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Park Aerospace by 33.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 37,889 shares of the semiconductor company's stock worth $510,000 after purchasing an additional 9,597 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Park Aerospace by 0.8% in the 1st quarter. Victory Capital Management Inc. now owns 180,944 shares of the semiconductor company's stock worth $2,434,000 after purchasing an additional 1,450 shares during the last quarter. Private Advisor Group LLC boosted its stake in Park Aerospace by 5.9% in the 1st quarter. Private Advisor Group LLC now owns 18,561 shares of the semiconductor company's stock worth $250,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Park Aerospace during the 1st quarter valued at about $450,000. Hedge funds and other institutional investors own 77.83% of the company's stock.

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.

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