Ameriprise Financial Inc. boosted its stake in Park Electrochemical Corporation (NYSE:PKE) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 181,505 shares of the semiconductor company’s stock after buying an additional 1,154 shares during the period. Ameriprise Financial Inc. owned approximately 0.90% of Park Electrochemical Corporation worth $3,242,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PKE. Contravisory Investment Management Inc. acquired a new stake in shares of Park Electrochemical Corporation during the first quarter worth about $151,000. Thrivent Financial for Lutherans acquired a new stake in shares of Park Electrochemical Corporation during the fourth quarter worth about $192,000. Chicago Equity Partners LLC acquired a new stake in shares of Park Electrochemical Corporation during the first quarter worth about $222,000. Metropolitan Life Insurance Co. NY increased its stake in shares of Park Electrochemical Corporation by 1.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,718 shares of the semiconductor company’s stock worth $274,000 after buying an additional 271 shares during the period. Finally, Comerica Bank increased its stake in shares of Park Electrochemical Corporation by 5.8% in the fourth quarter. Comerica Bank now owns 20,257 shares of the semiconductor company’s stock worth $362,000 after buying an additional 1,109 shares during the period. Institutional investors own 82.50% of the company’s stock.
Park Electrochemical Corporation (PKE) opened at 18.13 on Tuesday. Park Electrochemical Corporation has a one year low of $13.76 and a one year high of $20.24. The company’s 50 day moving average price is $17.53 and its 200-day moving average price is $18.08. The stock has a market capitalization of $366.84 million, a PE ratio of 47.71 and a beta of 0.83.
Park Electrochemical Corporation (NYSE:PKE) last posted its quarterly earnings data on Wednesday, June 28th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.01. The company had revenue of $27.42 million during the quarter, compared to the consensus estimate of $29 million. Park Electrochemical Corporation had a net margin of 6.99% and a return on equity of 4.92%. During the same period in the previous year, the business earned $0.15 earnings per share. Analysts expect that Park Electrochemical Corporation will post $0.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Wednesday, July 5th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, June 30th. Park Electrochemical Corporation’s payout ratio is 105.27%.
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PKE has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Park Electrochemical Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut Park Electrochemical Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 6th.
Park Electrochemical Corporation Company Profile
Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.
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