Park Aerospace Corp. (NYSE:PKE) Sees Significant Increase in Short Interest

Key Points

• Short interest in Park Aerospace Corp. increased by 27.8% in August, reaching a total of 414,800 shares, which represents 2.4% of the stock.
• Park Aerospace recently announced a $0.125 quarterly dividend, with a yield of 2.6%, set to be paid to investors on November 5th.
• Institutional investors hold 77.83% of Park Aerospace's shares, indicating strong backing from large financial institutions.

Park Aerospace Corp. (NYSE:PKE - Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 414,800 shares, a growth of 27.8% from the August 15th total of 324,500 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average daily volume of 130,200 shares, the short-interest ratio is currently 3.2 days. Based on an average daily volume of 130,200 shares, the short-interest ratio is currently 3.2 days. Approximately 2.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Park Aerospace

A number of institutional investors and hedge funds have recently made changes to their positions in PKE. Brandes Investment Partners LP boosted its holdings in Park Aerospace by 4.1% in the second quarter. Brandes Investment Partners LP now owns 3,001,732 shares of the semiconductor company's stock valued at $44,336,000 after acquiring an additional 118,384 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Park Aerospace by 2.7% during the first quarter. Gamco Investors INC. ET AL now owns 694,400 shares of the semiconductor company's stock worth $9,340,000 after acquiring an additional 18,500 shares during the last quarter. Foundation Resource Management Inc. boosted its holdings in shares of Park Aerospace by 4.0% in the 2nd quarter. Foundation Resource Management Inc. now owns 491,897 shares of the semiconductor company's stock valued at $7,265,000 after buying an additional 19,087 shares in the last quarter. Roubaix Capital LLC raised its position in shares of Park Aerospace by 2.6% in the first quarter. Roubaix Capital LLC now owns 467,484 shares of the semiconductor company's stock worth $6,288,000 after acquiring an additional 11,687 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Park Aerospace by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company's stock worth $6,489,000 after acquiring an additional 7,342 shares during the last quarter. Institutional investors own 77.83% of the company's stock.

Park Aerospace Trading Down 3.9%

PKE traded down $0.77 on Friday, reaching $19.03. The stock had a trading volume of 229,897 shares, compared to its average volume of 88,720. The company has a market cap of $377.84 million, a P/E ratio of 55.96 and a beta of 0.45. Park Aerospace has a 12-month low of $11.97 and a 12-month high of $20.72. The business's 50-day moving average price is $18.44 and its two-hundred day moving average price is $15.34.

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 for the quarter. Park Aerospace had a return on equity of 7.60% and a net margin of 10.98%.The firm had revenue of $15.40 million during the quarter.

Park Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.6%. Park Aerospace's dividend payout ratio (DPR) is presently 147.06%.

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.