Penn Capital Management Company LLC Has $3.92 Million Holdings in Park Aerospace Corp. $PKE

Penn Capital Management Company LLC increased its position in shares of Park Aerospace Corp. (NYSE:PKE) by 62.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 192,667 shares of the semiconductor company’s stock after buying an additional 73,833 shares during the period. Penn Capital Management Company LLC’s holdings in Park Aerospace were worth $3,919,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Coldstream Capital Management Inc. acquired a new stake in Park Aerospace during the 3rd quarter worth about $542,000. Susquehanna International Group LLP boosted its position in shares of Park Aerospace by 19.2% during the 3rd quarter. Susquehanna International Group LLP now owns 28,644 shares of the semiconductor company’s stock valued at $583,000 after purchasing an additional 4,612 shares in the last quarter. Millennium Management LLC acquired a new stake in Park Aerospace during the third quarter worth approximately $1,371,000. Citadel Advisors LLC acquired a new stake in Park Aerospace during the third quarter worth approximately $362,000. Finally, Occudo Quantitative Strategies LP bought a new stake in Park Aerospace in the third quarter worth approximately $256,000. Institutional investors own 77.83% of the company’s stock.

Park Aerospace Stock Performance

Shares of NYSE:PKE opened at $27.97 on Wednesday. The business’s 50 day simple moving average is $25.38 and its two-hundred day simple moving average is $21.79. The firm has a market cap of $557.23 million, a P/E ratio of 65.03 and a beta of 0.29. Park Aerospace Corp. has a 52-week low of $11.97 and a 52-week high of $29.60.

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

Park Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.125 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.50 annualized dividend and a yield of 1.8%. Park Aerospace’s dividend payout ratio is presently 116.28%.

Analysts Set New Price Targets

A number of research firms have issued reports on PKE. Wall Street Zen upgraded Park Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings raised shares of Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Park Aerospace currently has a consensus rating of “Buy”.

Park Aerospace Company 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.