Sanctuary Advisors LLC Acquires New Shares in Park Aerospace Corp. $PKE

Sanctuary Advisors LLC bought a new position in shares of Park Aerospace Corp. (NYSE:PKE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,054 shares of the semiconductor company’s stock, valued at approximately $765,000. Sanctuary Advisors LLC owned about 0.09% of Park Aerospace at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Park Aerospace during the 4th quarter worth approximately $25,000. BNP Paribas Financial Markets raised its holdings in Park Aerospace by 50.0% in the second quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 726 shares during the period. Fifth Third Bancorp bought a new position in shares of Park Aerospace during the first quarter worth $64,000. Jones Financial Companies Lllp acquired a new position in shares of Park Aerospace in the 1st quarter valued at $52,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Park Aerospace by 241.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock valued at $63,000 after buying an additional 3,024 shares during the period. 77.83% of the stock is owned by institutional investors.

Park Aerospace Trading Down 0.5%

Shares of NYSE PKE opened at $32.45 on Friday. The company has a fifty day moving average price of $35.07 and a 200 day moving average price of $32.11. The firm has a market cap of $705.79 million, a PE ratio of 51.51 and a beta of 0.41. Park Aerospace Corp. has a 1-year low of $18.19 and a 1-year high of $39.86.

Park Aerospace (NYSE:PKE) last released its quarterly earnings results on Monday, July 20th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $18.31 million for the quarter, compared to the consensus estimate of $17.95 million. Park Aerospace had a return on equity of 10.75% and a net margin of 16.70%.

Park Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Wednesday, July 1st were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.5%. Park Aerospace’s dividend payout ratio (DPR) is presently 79.37%.

Insider Transactions at Park Aerospace

In related news, insider Constantine Petropoulos sold 2,500 shares of Park Aerospace stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.00, for a total value of $90,000.00. Following the sale, the insider owned 2,500 shares of the company’s stock, valued at approximately $90,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.10% of the company’s stock.

Analyst Ratings Changes

PKE has been the topic of several recent analyst reports. Citigroup reiterated a “market outperform” rating on shares of Park Aerospace in a report on Tuesday, July 21st. Wall Street Zen cut Park Aerospace from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Citizens Jmp began coverage on Park Aerospace in a research note on Tuesday, June 9th. They set a “market outperform” rating and a $42.00 target price for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $43.00 target price on shares of Park Aerospace in a report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Park Aerospace has a consensus rating of “Buy” and an average target price of $42.50.

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.