Atria Investments Inc Has $593,000 Stock Position in Park Aerospace Corp. $PKE

Atria Investments Inc reduced its stake in Park Aerospace Corp. (NYSE:PKE) by 34.9% in Q2, holding 40,142 shares valued at $593,000. Other institutional investors have also adjusted their positions. Weiss Ratings upgraded Park Aerospace from "hold" to "buy". The stock opened at $19.15, with a market cap of $381.10 million and a P/E ratio of 53.18. Park Aerospace reported $0.12 EPS and a revenue of $16.38 million for the last quarter, and recently declared a quarterly dividend of $0.125.

Atria Investments Inc cut its holdings in Park Aerospace Corp. (NYSE:PKE - Free Report) by 34.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,142 shares of the semiconductor company's stock after selling 21,535 shares during the quarter. Atria Investments Inc owned approximately 0.20% of Park Aerospace worth $593,000 at the end of the most recent reporting period.

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Several other institutional investors have also recently bought and sold shares of PKE. Jones Financial Companies Lllp bought a new position in shares of Park Aerospace in the first quarter worth about $52,000. Fiduciary Alliance LLC bought a new position in Park Aerospace in the 2nd quarter valued at approximately $172,000. Jane Street Group LLC boosted its position in Park Aerospace by 11.4% in the first quarter. Jane Street Group LLC now owns 14,205 shares of the semiconductor company's stock valued at $191,000 after buying an additional 1,456 shares in the last quarter. Callan Family Office LLC acquired a new stake in Park Aerospace in the second quarter valued at approximately $227,000. Finally, Private Advisor Group LLC grew its stake in shares of Park Aerospace by 5.9% during the first quarter. Private Advisor Group LLC now owns 18,561 shares of the semiconductor company's stock worth $250,000 after buying an additional 1,033 shares during the last quarter. Institutional investors and hedge funds own 77.83% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Park Aerospace from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday. One analyst has rated the stock with a Buy rating, According to MarketBeat, Park Aerospace presently has an average rating of "Buy".

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View Our Latest Report on PKE

Park Aerospace Trading Up 0.4%

Shares of PKE stock opened at $19.15 on Monday. Park Aerospace Corp. has a 1-year low of $11.97 and a 1-year high of $21.52. The stock has a market cap of $381.10 million, a price-to-earnings ratio of 53.18 and a beta of 0.45. The stock has a 50-day moving average of $19.55 and a 200-day moving average of $16.96.

Park Aerospace (NYSE:PKE - Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The semiconductor company reported $0.12 EPS for the quarter. The company had revenue of $16.38 million for the quarter. Park Aerospace had a return on equity of 7.97% and a net margin of 11.57%.During the same period in the prior year, the firm earned $0.10 earnings per share.

Park Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 1st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, October 1st. Park Aerospace's dividend payout ratio is currently 138.89%.

Park Aerospace Company Profile

(Free Report)

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.

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