GW&K Investment Management LLC Lowers Position in Park Aerospace Corp. (NYSE:PKE)

GW&K Investment Management LLC lowered its stake in Park Aerospace Corp. (NYSE:PKE) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 899,448 shares of the semiconductor company’s stock after selling 41,654 shares during the quarter. GW&K Investment Management LLC owned about 4.44% of Park Aerospace worth $13,222,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PKE. Nisa Investment Advisors LLC grew its stake in shares of Park Aerospace by 1,546.8% in the third quarter. Nisa Investment Advisors LLC now owns 14,492 shares of the semiconductor company’s stock valued at $225,000 after buying an additional 13,612 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Park Aerospace by 0.5% in the third quarter. Victory Capital Management Inc. now owns 170,277 shares of the semiconductor company’s stock valued at $2,644,000 after purchasing an additional 809 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Park Aerospace in the third quarter valued at approximately $448,000. PNC Financial Services Group Inc. increased its stake in Park Aerospace by 5.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 18,798 shares of the semiconductor company’s stock worth $292,000 after buying an additional 1,047 shares during the period. Finally, WINTON GROUP Ltd lifted its holdings in Park Aerospace by 8.3% during the 3rd quarter. WINTON GROUP Ltd now owns 11,115 shares of the semiconductor company’s stock worth $173,000 after buying an additional 852 shares in the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

Park Aerospace Stock Performance

Shares of Park Aerospace stock traded down $0.11 during trading hours on Wednesday, reaching $14.36. 3,614 shares of the company were exchanged, compared to its average volume of 50,636. The firm has a market cap of $290.79 million, a PE ratio of 30.77 and a beta of 0.48. Park Aerospace Corp. has a 1 year low of $12.66 and a 1 year high of $16.96. The stock’s fifty day moving average is $15.21 and its 200 day moving average is $14.95.

Park Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Monday, April 1st. Park Aerospace’s dividend payout ratio is presently 106.38%.

Park Aerospace Company 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.