Victory Capital Management Inc. sell 13,512 shares of Park Aerospace Corp. (NYSE:PKE)

Victory Capital Management Inc. reduced its holdings in shares of Park Aerospace Corp. (NYSE:PKE – Free Report) by 7.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 164,251 shares of the semiconductor company’s stock after selling 13,512 shares during the period. Victory Capital Management Inc. owned 0.81% of Park Aerospace worth $2,247,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cove Street Capital LLC bought a new position in shares of Park Aerospace in the first quarter worth about $5,941,000. Roubaix Capital LLC boosted its position in Park Aerospace by 33.3% in the first quarter. Roubaix Capital LLC now owns 409,224 shares of the semiconductor company’s stock worth $6,805,000 after purchasing an additional 102,119 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Park Aerospace by 1,704.2% in the first quarter. Russell Investments Group Ltd. now owns 19,738 shares of the semiconductor company’s stock valued at $328,000 after purchasing an additional 18,644 shares in the last quarter. Foundation Resource Management Inc. raised its position in shares of Park Aerospace by 3.7% in the first quarter. Foundation Resource Management Inc. now owns 459,846 shares of the semiconductor company’s stock valued at $7,647,000 after buying an additional 16,512 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Park Aerospace in the first quarter worth about $245,000. Institutional investors and hedge funds own 77.83% of the company’s shares.

Analyst upgrades and downgrades

Separately, StockNews.com cut shares of Park Aerospace from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th.

Check out our latest analysis on PKE

Performance of aerospace fleet stocks

Shares of NYSE PKE opened at $13.67 on Wednesday. The firm has a market cap of $276.82 million, a P/E ratio of 36.95 and a beta of 0.39. The company’s 50-day moving average is $13.27 and its 200-day moving average is $14.13. Park Aerospace Corp. has a 1 year low of $11.96 and a 1 year high of $16.96.

Park Aerospace (NYSE:PKE – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 16th. The semiconductor company reported $0.09 earnings per share for the quarter. The firm had revenue of $13.97 million for the quarter. Park Aerospace had a return on equity of 6.27% and a net margin of 12.15%.

Park Aerospace announces dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Tuesday, October 1st will be given a $0.125 dividend. This represents an annualized dividend of $0.50 and a yield of 3.66%. The ex-dividend date of this dividend is Tuesday, October 1st. Park Aerospace’s dividend payout ratio (DPR) is 135.14%.

About Park Aerospace

(Free Report)

Park Aerospace Corp., an aerospace company, develops and manufactures advanced solution and hot melt composite materials used to produce composite structures for the aerospace market in North America, Asia and Europe. It offers advanced composite materials, including film adhesives and lightning protection materials, which are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, unmanned aerial vehicles, business jets, general aviation and rotary wing aircraft. planes.

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