Park Electrochemical Corp. (NYSE:PKE) shares rose 7.9% during trading on Wednesday . The stock traded as high as $16.74 and last traded at $16.72, with a volume of 63,526 shares traded. The stock had previously closed at $15.49.

PKE has been the subject of several recent analyst reports. Needham & Company LLC reduced their price objective on shares of Park Electrochemical Corp. from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, June 30th. Zacks Investment Research lowered shares of Park Electrochemical Corp. from a “hold” rating to a “strong sell” rating in a research note on Friday, May 6th.

The stock’s 50-day moving average price is $15.94 and its 200 day moving average price is $15.36. The company has a market cap of $338.92 million and a price-to-earnings ratio of 20.96.

Park Electrochemical Corp. (NYSE:PKE) last announced its earnings results on Wednesday, June 29th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The business had revenue of $31.50 million for the quarter. During the same quarter last year, the firm earned $0.24 earnings per share. Equities research analysts expect that Park Electrochemical Corp. will post $0.80 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 3rd. Shareholders of record on Tuesday, July 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, June 30th.

Other hedge funds and institutional investors have bought and sold shares of the company. Gamco Investors INC. ET AL raised its position in Park Electrochemical Corp. by 6.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 728,500 shares of the company’s stock valued at $10,971,000 after buying an additional 43,200 shares during the last quarter. Teton Advisors Inc. raised its position in Park Electrochemical Corp. by 13.7% in the fourth quarter. Teton Advisors Inc. now owns 90,281 shares of the company’s stock valued at $1,360,000 after buying an additional 10,900 shares during the last quarter. Gabelli Funds LLC raised its position in Park Electrochemical Corp. by 3.1% in the fourth quarter. Gabelli Funds LLC now owns 331,000 shares of the company’s stock valued at $4,985,000 after buying an additional 10,000 shares during the last quarter. Royce & Associates LLC raised its position in Park Electrochemical Corp. by 6.5% in the fourth quarter. Royce & Associates LLC now owns 2,655,134 shares of the company’s stock valued at $39,986,000 after buying an additional 161,858 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Park Electrochemical Corp. by 22.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 925,534 shares of the company’s stock valued at $13,939,000 after buying an additional 168,649 shares during the last quarter.

Park Electrochemical Corp. (Park) is a global advanced materials company. The Company develops, manufactures, markets and sells high-technology digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.

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