Portolan Capital Management LLC Acquires New Holdings in Park Aerospace Corp. $PKE

Portolan Capital Management LLC bought a new position in shares of Park Aerospace Corp. (NYSE:PKE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 245,035 shares of the semiconductor company’s stock, valued at approximately $4,984,000. Portolan Capital Management LLC owned approximately 1.23% of Park Aerospace as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its position in Park Aerospace by 50.0% in the second quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 726 shares in the last quarter. Rhumbline Advisers increased its stake in Park Aerospace by 4.9% in the 2nd quarter. Rhumbline Advisers now owns 30,657 shares of the semiconductor company’s stock valued at $453,000 after buying an additional 1,421 shares during the last quarter. Jane Street Group LLC lifted its position in Park Aerospace by 11.4% during the 1st quarter. Jane Street Group LLC now owns 14,205 shares of the semiconductor company’s stock worth $191,000 after buying an additional 1,456 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Park Aerospace by 161.0% during the 2nd quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company’s stock worth $69,000 after buying an additional 2,890 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Park Aerospace by 241.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock valued at $63,000 after acquiring an additional 3,024 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wall Street Zen raised Park Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings upgraded Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Park Aerospace Stock Up 0.7%

Shares of NYSE PKE opened at $26.76 on Friday. Park Aerospace Corp. has a twelve month low of $11.97 and a twelve month high of $29.60. The company has a market cap of $533.25 million, a PE ratio of 62.22 and a beta of 0.29. The business’s 50 day moving average price is $25.16 and its two-hundred day moving average price is $21.63.

Park Aerospace (NYSE:PKE) last issued its earnings results on Tuesday, January 13th. The semiconductor company reported $0.15 EPS for the quarter. The company had revenue of $17.33 million during the quarter. Park Aerospace had a return on equity of 9.28% and a net margin of 13.14%.

Park Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.50 annualized dividend and a yield of 1.9%. Park Aerospace’s dividend payout ratio (DPR) is currently 116.28%.

Park Aerospace Company Profile

Park Aerospace (NYSE: PKE) is a specialized materials and manufacturing company that designs, develops and produces high-performance composite structures, engineered laminates and specialty adhesives for aerospace, defense and industrial markets. Its product portfolio includes advanced honeycomb cores, composite assemblies, dielectric and high-reliability circuit materials, as well as structural and bonding solutions that meet demanding performance and weight requirements.

The company operates through two principal segments.