Sigma Planning Corp Makes New $823,000 Investment in Park Aerospace Corp. $PKE

Sigma Planning Corp acquired a new position in shares of Park Aerospace Corp. (NYSE:PKE) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 30,072 shares of the semiconductor company’s stock, valued at approximately $823,000. Sigma Planning Corp owned 0.15% of Park Aerospace at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Strs Ohio raised its stake in Park Aerospace by 18.9% in the 4th quarter. Strs Ohio now owns 4,400 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 700 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Park Aerospace by 50.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 726 shares during the last quarter. ARS Investment Partners LLC grew its stake in Park Aerospace by 6.4% during the 4th quarter. ARS Investment Partners LLC now owns 13,085 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 782 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Park Aerospace by 0.4% in the fourth quarter. Kennedy Capital Management LLC now owns 228,855 shares of the semiconductor company’s stock valued at $4,884,000 after purchasing an additional 920 shares during the period. Finally, Ethic Inc. increased its holdings in shares of Park Aerospace by 2.1% in the fourth quarter. Ethic Inc. now owns 46,376 shares of the semiconductor company’s stock valued at $990,000 after purchasing an additional 940 shares during the period. 77.83% of the stock is owned by hedge funds and other institutional investors.

Park Aerospace Stock Performance

Shares of PKE opened at $32.43 on Monday. The business’s 50-day moving average is $34.22 and its two-hundred day moving average is $29.76. The company has a market capitalization of $677.10 million, a P/E ratio of 57.91 and a beta of 0.39. Park Aerospace Corp. has a fifty-two week low of $17.25 and a fifty-two week high of $39.86.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $22.31 million.

Park Aerospace Announces Dividend

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

Analyst Ratings Changes

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