Intrepid Capital Management Inc. Sells 140,745 Shares of Park Aerospace Corp. (NYSE:PKE)

Intrepid Capital Management Inc. lowered its stake in shares of Park Aerospace Corp. (NYSE:PKE) by 93.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,652 shares of the semiconductor company’s stock after selling 140,745 shares during the quarter. Intrepid Capital Management Inc.’s holdings in Park Aerospace were worth $156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PKE. Bank of New York Mellon Corp lifted its position in shares of Park Aerospace by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 208,834 shares of the semiconductor company’s stock valued at $3,059,000 after buying an additional 887 shares during the last quarter. Townsquare Capital LLC lifted its position in Park Aerospace by 8.3% during the third quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock valued at $212,000 after acquiring an additional 1,248 shares during the last quarter. Private Advisor Group LLC boosted its stake in Park Aerospace by 15.4% in the fourth quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company’s stock valued at $257,000 after acquiring an additional 2,335 shares in the last quarter. Foundation Resource Management Inc. grew its holdings in Park Aerospace by 0.8% in the fourth quarter. Foundation Resource Management Inc. now owns 469,278 shares of the semiconductor company’s stock worth $6,875,000 after purchasing an additional 3,519 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Park Aerospace by 1.3% during the third quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company’s stock worth $5,502,000 after purchasing an additional 5,491 shares in the last quarter. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Park Aerospace Stock Performance

Shares of NYSE PKE opened at $13.48 on Wednesday. Park Aerospace Corp. has a fifty-two week low of $11.96 and a fifty-two week high of $16.32. The company has a market cap of $268.49 million, a PE ratio of 37.43 and a beta of 0.40. The business has a 50-day simple moving average of $14.01 and a two-hundred day simple moving average of $14.17.

Park Aerospace (NYSE:PKE) last released its earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 EPS for the quarter. Park Aerospace had a net margin of 11.90% and a return on equity of 7.02%.

Park Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Wednesday, April 2nd will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, April 2nd. Park Aerospace’s payout ratio is 138.89%.

Wall Street Analysts Forecast Growth

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

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.