Park Aerospace Corp. (NYSE:PKE) Shares Sold by Roubaix Capital LLC

Roubaix Capital LLC lessened its holdings in shares of Park Aerospace Corp. (NYSE:PKE) by 6.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 386,250 shares of the semiconductor company’s stock after selling 28,036 shares during the period. Park Aerospace comprises approximately 2.8% of Roubaix Capital LLC’s holdings, making the stock its 9th biggest position. Roubaix Capital LLC’s holdings in Park Aerospace were worth $5,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Premier Path Wealth Partners LLC lifted its position in Park Aerospace by 3.3% during the second quarter. Premier Path Wealth Partners LLC now owns 31,512 shares of the semiconductor company’s stock worth $431,000 after buying an additional 1,000 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Park Aerospace by 166.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 1,488 shares during the last quarter. Foundation Resource Management Inc. boosted its position in shares of Park Aerospace by 0.4% during the 3rd quarter. Foundation Resource Management Inc. now owns 465,759 shares of the semiconductor company’s stock valued at $6,069,000 after acquiring an additional 2,025 shares during the last quarter. Copeland Capital Management LLC acquired a new position in shares of Park Aerospace during the 3rd quarter valued at about $43,000. Finally, American Century Companies Inc. grew its holdings in shares of Park Aerospace by 5.4% in the second quarter. American Century Companies Inc. now owns 65,214 shares of the semiconductor company’s stock valued at $892,000 after purchasing an additional 3,365 shares during the period. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Park Aerospace Trading Down 0.6 %

NYSE PKE opened at $13.97 on Thursday. The stock has a market cap of $278.87 million, a PE ratio of 41.09 and a beta of 0.39. Park Aerospace Corp. has a twelve month low of $11.96 and a twelve month high of $16.96. The stock has a fifty day simple moving average of $13.53 and a 200-day simple moving average of $13.67.

Park Aerospace (NYSE:PKE) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $0.10 earnings per share for the quarter. The company had revenue of $16.71 million during the quarter. Park Aerospace had a net margin of 11.82% and a return on equity of 6.61%.

Park Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 5th. Investors of record on Tuesday, October 1st will be issued a $0.125 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $0.50 annualized dividend and a yield of 3.58%. Park Aerospace’s dividend payout ratio (DPR) is presently 147.06%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Park Aerospace from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th.

Park Aerospace Profile

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced 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 strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.