Park Aerospace Corp. (NYSE:PKE) Holdings Lifted by Penn Capital Management Company LLC

Penn Capital Management Company LLC boosted its holdings in Park Aerospace Corp. (NYSE:PKE - Free Report) by 71.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 164,638 shares of the semiconductor company's stock after buying an additional 68,337 shares during the period. Penn Capital Management Company LLC owned 0.83% of Park Aerospace worth $2,412,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Jane Street Group LLC increased its stake in Park Aerospace by 76.5% during the third quarter. Jane Street Group LLC now owns 30,057 shares of the semiconductor company's stock worth $392,000 after acquiring an additional 13,024 shares during the last quarter. Barclays PLC raised its position in Park Aerospace by 295.7% in the third quarter. Barclays PLC now owns 25,710 shares of the semiconductor company's stock valued at $335,000 after purchasing an additional 19,213 shares during the period. Geode Capital Management LLC grew its stake in shares of Park Aerospace by 1.3% in the third quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company's stock valued at $5,502,000 after buying an additional 5,491 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Park Aerospace by 19.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 49,869 shares of the semiconductor company's stock valued at $650,000 after buying an additional 8,045 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Park Aerospace by 295.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,713 shares of the semiconductor company's stock worth $504,000 after acquiring an additional 28,924 shares in the last quarter. Institutional investors and hedge funds own 77.83% of the company's stock.

Park Aerospace Price Performance

NYSE:PKE traded up $0.04 during mid-day trading on Tuesday, reaching $13.32. The stock had a trading volume of 8,273 shares, compared to its average volume of 65,735. The stock's 50 day simple moving average is $13.37 and its two-hundred day simple moving average is $14.14. Park Aerospace Corp. has a 1-year low of $11.96 and a 1-year high of $15.57. The company has a market capitalization of $265.42 million, a price-to-earnings ratio of 36.94 and a beta of 0.36.

Park Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Wednesday, April 2nd will be given 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 3.75%. Park Aerospace's payout ratio is currently 138.89%.

Analyst Ratings Changes

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

Park Aerospace 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.