Park Aerospace Corp. (NYSE:PKE) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of Park Aerospace Corp. (NYSE:PKE - Free Report) by 41.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,634 shares of the semiconductor company's stock after acquiring an additional 23,010 shares during the period. Russell Investments Group Ltd. owned approximately 0.39% of Park Aerospace worth $1,152,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Park Aerospace during the 4th quarter valued at about $132,000. 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. Nisa Investment Advisors LLC grew its holdings in shares of 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 purchasing an additional 18,700 shares in the last quarter. LPL Financial LLC increased its stake in Park Aerospace by 113.3% during the 4th quarter. LPL Financial LLC now owns 22,936 shares of the semiconductor company's stock worth $336,000 after buying an additional 12,181 shares during the period. Finally, Barclays PLC lifted its holdings in Park Aerospace by 295.7% during the 3rd quarter. Barclays PLC now owns 25,710 shares of the semiconductor company's stock worth $335,000 after buying an additional 19,213 shares in the last quarter. 77.83% of the stock is owned by hedge funds and other institutional investors.

Park Aerospace Stock Up 0.5 %

NYSE PKE traded up $0.07 during trading hours on Friday, hitting $13.30. 24,482 shares of the company were exchanged, compared to its average volume of 66,085. The company has a 50 day moving average of $13.39 and a two-hundred day moving average of $14.13. The firm has a market cap of $265.00 million, a price-to-earnings ratio of 36.94 and a beta of 0.36. Park Aerospace Corp. has a 52-week low of $11.96 and a 52-week high of $15.57.

Park Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Wednesday, April 2nd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.50 annualized dividend and a yield of 3.76%. Park Aerospace's dividend payout ratio (DPR) is 138.89%.

Analyst Ratings Changes

Separately, StockNews.com raised 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.