Park Aerospace Inc (NYSE:PKE) Reports Earnings
Aerospace Park (NYSE: PKE – Get a rating) released its results on Thursday. The semiconductor company reported earnings per share of $0.10 for the quarter, reports. The company had revenue of $12.50 million for the quarter. Park Aerospace achieved a net margin of 15.80% and a return on equity of 6.37%.
Shares of PKE Action traded at $0.01 during Friday trading hours, hitting $12.05. The stock had trading volume of 92,613 shares, compared to an average volume of 92,914. Park Aerospace has a 12-month low of $11.62 and a 12-month high of $16.20. The company has a 50-day simple moving average of $12.70 and a 200-day simple moving average of $13.15. The company has a market capitalization of $246.54 million, a PE ratio of 29.39 and a beta of 0.76.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 5. Investors of record on Friday, April 1 received a dividend of $0.10. The ex-dividend date was Thursday, March 31. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 3.32%. Park Aerospace’s dividend payout ratio (DPR) is currently 97.56%.
Several hedge funds have recently increased or reduced their holdings in PKE. The Public Sector Pension Investment Board increased its stake in Park Aerospace by 1.9% during the third quarter. The Public Sector Pension Investment Board now owns 45,542 shares of the semiconductor company valued at $623,000 after buying 837 additional shares during the period. The Tennessee State Treasury Department increased its stake in Park Aerospace by 17.9% during the first quarter. The Tennessee State Treasury Department now owns 7,119 shares of the semiconductor company valued at $93,000 after purchasing an additional 1,079 shares during the period. Intrepid Capital Management Inc. increased its stake in Park Aerospace by 0.6% during the 1st quarter. Intrepid Capital Management Inc. now owns 196,799 shares of the semiconductor company valued at $2,568,000 after purchasing an additional 1,189 shares during the period. Geode Capital Management LLC increased its stake in Park Aerospace by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 318,640 shares of the semiconductor company valued at $4,206,000 after purchasing an additional 1,454 shares during the period. Finally, the Royal Bank of Canada increased its stake in Park Aerospace by 4.3% during the third quarter. Royal Bank of Canada now owns 36,021 shares of the semiconductor company valued at $492,000 after buying an additional 1,484 shares during the period. 81.19% of the shares are currently held by institutional investors and hedge funds.
Separately, StockNews.com began covering Park Aerospace shares in a report on Thursday, March 31. They have placed a “holding” rating on the stock.
Company Profile Park Aerospace (Get a rating)
Park Aerospace Corp. develops and manufactures advanced hot melt composite materials and solutions used to produce composite structures for the aerospace market. It offers advanced composite materials, including adhesive films and lightning materials that 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 aircraft and rotary wing aircraft. .
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