Huntleigh Advisors Inc. Acquires Shares of 55,376 Park Aerospace Corp. $PKE

Huntleigh Advisors Inc. acquired a new stake in Park Aerospace Corp. (NYSE:PKE) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 55,376 shares of the semiconductor company’s stock, valued at approximately $1,126,000.

Several other hedge funds and other institutional investors have also modified their holdings of PKE. Jones Financial Companies Lllp bought a new stake in Park Aerospace in the first quarter valued at $52,000. Jane Street Group LLC lifted its holdings in shares of Park Aerospace by 11.4% during the first quarter. Jane Street Group LLC now owns 14,205 shares of the semiconductor company’s stock valued at $191,000 after acquiring an additional 1,456 shares during the period. Callan Family Office LLC acquired a new stake in shares of Park Aerospace in the 2nd quarter valued at $227,000. Ethic Inc. grew its holdings in shares of Park Aerospace by 46.2% in the 2nd quarter. Ethic Inc. now owns 26,424 shares of the semiconductor company’s stock worth $388,000 after purchasing an additional 8,354 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position 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 purchasing an additional 2,307 shares in the last quarter. Institutional investors own 77.83% of the company’s stock.

Park Aerospace Stock Down 0.4%

Shares of NYSE:PKE opened at $25.00 on Wednesday. The firm has a market cap of $498.25 million, a P/E ratio of 58.14 and a beta of 0.31. Park Aerospace Corp. has a 12 month low of $11.97 and a 12 month high of $26.12. The company’s 50-day moving average price is $21.02 and its two-hundred day moving average price is $19.58.

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

Park Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $0.50 annualized dividend and a yield of 2.0%. Park Aerospace’s dividend payout ratio is currently 116.28%.

Wall Street Analysts Forecast Growth

PKE has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Park Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Park Aerospace Profile

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.