Roubaix Capital LLC Grows Position in Park Aerospace Corp. $PKE

Roubaix Capital LLC boosted its stake in shares of Park Aerospace Corp. (NYSE:PKE) by 6.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 454,642 shares of the semiconductor company’s stock after acquiring an additional 27,856 shares during the quarter. Park Aerospace makes up approximately 4.3% of Roubaix Capital LLC’s holdings, making the stock its 2nd biggest holding. Roubaix Capital LLC owned about 2.28% of Park Aerospace worth $9,247,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PKE. BNP Paribas Financial Markets raised its position in Park Aerospace by 50.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 726 shares during the last quarter. Rhumbline Advisers increased its position in shares of 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 in the last quarter. Jane Street Group LLC raised its stake 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 during the period. First Horizon Advisors Inc. raised its stake in Park Aerospace by 179.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,596 shares of the semiconductor company’s stock worth $53,000 after buying an additional 2,307 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Park Aerospace by 161.0% during the second quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 2,890 shares in the last quarter. 77.83% of the stock is owned by institutional investors.

Park Aerospace Stock Up 8.3%

NYSE PKE opened at $28.62 on Tuesday. The firm has a 50-day moving average price of $24.06 and a two-hundred day moving average price of $21.10. Park Aerospace Corp. has a 12-month low of $11.97 and a 12-month high of $28.75. The company has a market capitalization of $570.42 million, a P/E ratio of 66.56 and a beta of 0.29.

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

Park Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Friday, January 2nd were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, January 2nd. Park Aerospace’s dividend payout ratio (DPR) is 116.28%.

Analyst Ratings Changes

Several equities research analysts have issued reports on PKE shares. Weiss Ratings downgraded Park Aerospace from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 23rd. Wall Street Zen raised Park Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

About Park Aerospace

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.