Dimensional Fund Advisors LP Has $19.14 Million Stake in Park Electrochemical Corporation (NYSE:PKE)
Dimensional Fund Advisors LP increased its stake in Park Electrochemical Corporation (NYSE:PKE) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,071,560 shares of the semiconductor company’s stock after buying an additional 10,892 shares during the period. Dimensional Fund Advisors LP owned about 0.05% of Park Electrochemical Corporation worth $19,138,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in Park Electrochemical Corporation by 0.3% in the first quarter. Royce & Associates LP now owns 2,879,134 shares of the semiconductor company’s stock valued at $51,421,000 after buying an additional 7,500 shares in the last quarter. Vanguard Group Inc. increased its position in Park Electrochemical Corporation by 6.6% in the first quarter. Vanguard Group Inc. now owns 1,767,071 shares of the semiconductor company’s stock valued at $31,560,000 after buying an additional 109,964 shares in the last quarter. State Street Corp increased its position in Park Electrochemical Corporation by 6.8% in the fourth quarter. State Street Corp now owns 523,949 shares of the semiconductor company’s stock valued at $9,770,000 after buying an additional 33,139 shares in the last quarter. Gabelli Funds LLC increased its position in Park Electrochemical Corporation by 2.8% in the first quarter. Gabelli Funds LLC now owns 366,547 shares of the semiconductor company’s stock valued at $6,547,000 after buying an additional 9,947 shares in the last quarter. Finally, Norges Bank bought a new position in Park Electrochemical Corporation during the fourth quarter valued at approximately $3,738,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.
Shares of Park Electrochemical Corporation (PKE) traded down 1.14% on Friday, reaching $17.38. The company had a trading volume of 49,611 shares. Park Electrochemical Corporation has a 52 week low of $13.76 and a 52 week high of $20.24. The firm has a market capitalization of $351.67 million, a price-to-earnings ratio of 45.74 and a beta of 0.83. The stock’s 50 day moving average is $18.30 and its 200 day moving average is $18.03.
Park Electrochemical Corporation (NYSE:PKE) last posted its quarterly earnings data on Wednesday, June 28th. The semiconductor company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.01. Park Electrochemical Corporation had a return on equity of 4.92% and a net margin of 6.99%. The firm had revenue of $27.42 million during the quarter, compared to analysts’ expectations of $29 million. During the same period last year, the company earned $0.15 earnings per share. On average, equities analysts anticipate that Park Electrochemical Corporation will post $0.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Wednesday, July 5th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Friday, June 30th. Park Electrochemical Corporation’s dividend payout ratio (DPR) is currently 105.27%.
Several research analysts have recently commented on PKE shares. BidaskClub downgraded Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research upgraded Park Electrochemical Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
About Park Electrochemical Corporation
Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells 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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