Uniplan Investment Counsel Inc. Grows Stake in Park Aerospace Corp. (NYSE:PKE)

Uniplan Investment Counsel Inc. boosted its stake in Park Aerospace Corp. (NYSE:PKE) by 20.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,636 shares of the semiconductor company’s stock after buying an additional 41,477 shares during the quarter. Uniplan Investment Counsel Inc.’s holdings in Park Aerospace were worth $3,584,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PKE. Tower Research Capital LLC TRC boosted its stake in shares of Park Aerospace by 515.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,112 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 4,282 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Park Aerospace during the fourth quarter worth $132,000. Petros Family Wealth LLC acquired a new stake in shares of Park Aerospace in the fourth quarter valued at about $150,000. Private Advisor Group LLC lifted its stake in shares of Park Aerospace by 15.4% in the fourth quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company’s stock worth $257,000 after buying an additional 2,335 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Park Aerospace by 2,084.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 19,597 shares of the semiconductor company’s stock worth $287,000 after acquiring an additional 18,700 shares during the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Park Aerospace from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd.

Park Aerospace Stock Performance

NYSE PKE opened at $13.07 on Tuesday. Park Aerospace Corp. has a fifty-two week low of $11.96 and a fifty-two week high of $15.57. The firm has a market capitalization of $260.42 million, a P/E ratio of 36.31 and a beta of 0.36. The stock’s fifty day moving average is $13.46 and its two-hundred day moving average is $14.14.

Park Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Wednesday, April 2nd will be issued a $0.125 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $0.50 annualized dividend and a yield of 3.83%. Park Aerospace’s payout ratio is 138.89%.

About Park Aerospace

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.