Park Electrochemical (NYSE:PKE) posted its quarterly earnings data on Thursday. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.07), Bloomberg Earnings reports. Park Electrochemical had a net margin of 5.63% and a return on equity of 5.12%. During the same period in the previous year, the firm posted $0.10 EPS.
Park Electrochemical (NYSE:PKE) traded down $0.20 on Thursday, reaching $19.66. The company had a trading volume of 89,800 shares, compared to its average volume of 100,250. Park Electrochemical has a one year low of $16.00 and a one year high of $20.24. The company has a current ratio of 15.23, a quick ratio of 14.56 and a debt-to-equity ratio of 0.37. The stock has a market cap of $408.80, a PE ratio of 63.42 and a beta of 0.89.
The firm also recently disclosed a special dividend, which will be paid on Tuesday, February 13th. Investors of record on Tuesday, January 23rd will be issued a dividend of $3.00 per share. This is a boost from Park Electrochemical’s previous special dividend of $1.50. Park Electrochemical’s payout ratio is presently 129.03%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC purchased a new stake in shares of Park Electrochemical in the 2nd quarter worth $3,437,000. Kennedy Capital Management Inc. lifted its holdings in shares of Park Electrochemical by 155.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 177,658 shares of the semiconductor company’s stock worth $3,272,000 after buying an additional 108,031 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Park Electrochemical by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,840,125 shares of the semiconductor company’s stock worth $33,895,000 after buying an additional 73,054 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Park Electrochemical by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,296 shares of the semiconductor company’s stock worth $20,415,000 after buying an additional 36,736 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Park Electrochemical by 2.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,073,000 shares of the semiconductor company’s stock worth $19,765,000 after buying an additional 25,500 shares during the period. Institutional investors own 81.82% of the company’s stock.
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Park Electrochemical Company Profile
Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.
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