Roubaix Capital LLC Has $7.52 Million Stake in Park Aerospace Corp. $PKE

Roubaix Capital LLC decreased its position in Park Aerospace Corp. (NYSE:PKE) by 8.4% in the first quarter, Holdings Channel reports. The firm owned 274,815 shares of the semiconductor company’s stock after selling 25,147 shares during the period. Park Aerospace accounts for 3.5% of Roubaix Capital LLC’s investment portfolio, making the stock its 3rd largest holding. Roubaix Capital LLC’s holdings in Park Aerospace were worth $7,524,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stephens Investment Management Group LLC bought a new position in Park Aerospace in the first quarter worth approximately $14,926,000. Next Century Growth Investors LLC raised its position in Park Aerospace by 93.0% during the 4th quarter. Next Century Growth Investors LLC now owns 526,054 shares of the semiconductor company’s stock valued at $11,226,000 after purchasing an additional 253,508 shares in the last quarter. Brandes Investment Partners LP lifted its holdings in shares of Park Aerospace by 3.5% in the 4th quarter. Brandes Investment Partners LP now owns 3,191,411 shares of the semiconductor company’s stock worth $68,105,000 after buying an additional 107,231 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Park Aerospace by 257.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 112,272 shares of the semiconductor company’s stock worth $2,396,000 after buying an additional 80,841 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of Park Aerospace in the 3rd quarter worth $1,512,000. Institutional investors own 77.83% of the company’s stock.

Park Aerospace Stock Up 0.3%

Park Aerospace stock opened at $32.43 on Friday. The business has a fifty day moving average of $34.22 and a two-hundred day moving average of $29.70. The firm has a market cap of $677.03 million, a P/E ratio of 57.91 and a beta of 0.39. Park Aerospace Corp. has a twelve month low of $17.25 and a twelve month high of $39.86.

Park Aerospace (NYSE:PKE) last announced its earnings results on Thursday, May 28th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Park Aerospace had a return on equity of 10.08% and a net margin of 15.38%.The business had revenue of $24.19 million for the quarter, compared to analysts’ expectations of $22.31 million.

Park Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, July 1st. Park Aerospace’s dividend payout ratio is 89.29%.

Analyst Ratings Changes

Several brokerages have recently commented on PKE. Wall Street Zen lowered Park Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Weiss Ratings upgraded Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Citigroup began coverage on shares of Park Aerospace in a research note on Tuesday, June 9th. They issued an “outperform” rating for the company. Citizens Jmp initiated coverage on shares of Park Aerospace in a report on Tuesday, June 9th. They set a “market outperform” rating and a $42.00 target price on the stock. Finally, Needham & Company LLC initiated coverage on shares of Park Aerospace in a research report on Monday, July 13th. They set a “buy” rating and a $43.00 target price on the stock. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $42.50.

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.