Royce & Associates LP grew its holdings in Park Electrochemical Corp. (NYSE:PKE) by 355.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,847 shares of the semiconductor company’s stock after purchasing an additional 10,807 shares during the period. Royce & Associates LP owned about 0.07% of Park Electrochemical worth $225,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Morgan Stanley lifted its stake in Park Electrochemical by 140.2% in the second quarter. Morgan Stanley now owns 109,961 shares of the semiconductor company’s stock worth $1,835,000 after acquiring an additional 64,180 shares during the period. State of Tennessee Treasury Department raised its stake in Park Electrochemical by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 9,070 shares of the semiconductor company’s stock worth $159,000 after acquiring an additional 713 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Park Electrochemical by 2.3% in the third quarter. California State Teachers Retirement System now owns 29,106 shares of the semiconductor company’s stock worth $511,000 after purchasing an additional 646 shares during the last quarter. State Street Corp raised its position in Park Electrochemical by 15.0% during the 3rd quarter. State Street Corp now owns 660,654 shares of the semiconductor company’s stock worth $11,667,000 after buying an additional 86,308 shares during the last quarter. Finally, AE Wealth Management LLC purchased a new position in shares of Park Electrochemical during the third quarter worth $329,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.
NYSE:PKE traded down $0.49 during trading hours on Friday, hitting $16.03. The company had a trading volume of 126,233 shares, compared to its average volume of 111,254. Park Electrochemical Corp. has a 1 year low of $14.88 and a 1 year high of $19.29. The company has a 50-day moving average of $16.26 and a 200 day moving average of $16.82. The company has a market cap of $338.97 million, a P/E ratio of 30.04 and a beta of 0.99.
Park Electrochemical (NYSE:PKE) last posted its earnings results on Thursday, January 9th. The semiconductor company reported $0.14 EPS for the quarter. Park Electrochemical had a net margin of 181.69% and a return on equity of 6.96%. The company had revenue of $15.85 million for the quarter.
The business also recently announced a None dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, January 17th.
Separately, ValuEngine upgraded shares of Park Electrochemical from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.
About Park Electrochemical
Park Electrochemical Corp., through its subsidiaries, develops, manufactures, markets, and sells high-technology digital and radio frequency/microwave printed circuit material products primarily for the telecommunications and Internet infrastructure, enterprise, and military/aerospace markets. It also designs, develops, and manufactures advanced composite materials, primary and secondary structures and assemblies, and low-volume tooling products for the aerospace markets.
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