Legato Capital Management LLC Acquires Shares of 43,416 Park Aerospace Corp. $PKE

Legato Capital Management LLC bought a new position in Park Aerospace Corp. (NYSE:PKE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 43,416 shares of the semiconductor company’s stock, valued at approximately $883,000. Legato Capital Management LLC owned 0.22% of Park Aerospace as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in Park Aerospace during the first quarter worth about $52,000. Jane Street Group LLC increased 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 purchasing an additional 1,456 shares during the period. First Horizon Advisors Inc. raised its stake in shares of 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 in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Park Aerospace in the 2nd quarter valued at approximately $426,000. Finally, Geode Capital Management LLC boosted its stake in shares of Park Aerospace by 1.7% in the second quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company’s stock valued at $6,489,000 after buying an additional 7,342 shares in the last quarter. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Park Aerospace Stock Performance

PKE opened at $28.71 on Wednesday. The company has a market cap of $572.19 million, a price-to-earnings ratio of 66.77 and a beta of 0.29. Park Aerospace Corp. has a one year low of $11.97 and a one year high of $29.60. The business’s fifty day moving average is $24.21 and its two-hundred day moving average is $21.17.

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

Park Aerospace Announces Dividend

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

Analysts Set New Price Targets

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