Teachers Advisors LLC reduced its stake in shares of Park Electrochemical Corp (NYSE:PKE) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,692 shares of the semiconductor company’s stock after selling 5,201 shares during the period. Teachers Advisors LLC’s holdings in Park Electrochemical were worth $583,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Stone Ridge Asset Management LLC acquired a new position in shares of Park Electrochemical during the 4th quarter worth approximately $308,000. Deutsche Bank AG raised its position in shares of Park Electrochemical by 92.0% during the 4th quarter. Deutsche Bank AG now owns 48,724 shares of the semiconductor company’s stock worth $955,000 after purchasing an additional 23,342 shares during the last quarter. Raging Capital Management LLC raised its position in shares of Park Electrochemical by 209.3% during the 4th quarter. Raging Capital Management LLC now owns 980,649 shares of the semiconductor company’s stock worth $19,270,000 after purchasing an additional 663,613 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Park Electrochemical by 4.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,159,400 shares of the semiconductor company’s stock worth $22,782,000 after purchasing an additional 48,300 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its position in shares of Park Electrochemical by 8.5% during the 4th quarter. Kennedy Capital Management Inc. now owns 189,065 shares of the semiconductor company’s stock worth $3,715,000 after purchasing an additional 14,846 shares during the last quarter. Hedge funds and other institutional investors own 83.15% of the company’s stock.
Shares of PKE opened at $17.55 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 19.23 and a quick ratio of 18.39. The firm has a market capitalization of $358.00, a price-to-earnings ratio of 37.34 and a beta of 0.97. Park Electrochemical Corp has a fifty-two week low of $16.00 and a fifty-two week high of $23.58.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 3rd will be issued a $0.10 dividend. The ex-dividend date is Monday, April 2nd. This represents a $0.40 annualized dividend and a yield of 2.28%. Park Electrochemical’s dividend payout ratio (DPR) is presently 85.11%.
Several research analysts recently issued reports on PKE shares. Zacks Investment Research downgraded Park Electrochemical from a “hold” rating to a “strong sell” rating in a research report on Friday, January 12th. Needham & Company LLC boosted their price target on Park Electrochemical to $24.00 and gave the company a “buy” rating in a report on Friday, January 5th. They noted that the move was a valuation call.
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Park Electrochemical Company Profile
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 provides composite materials, primary and secondary structures and assemblies, and tooling products for the aerospace markets.
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