Walthausen & Co. LLC Boosts Holdings in Park Electrochemical Corporation (PKE)

Walthausen & Co. LLC raised its position in shares of Park Electrochemical Corporation (NYSE:PKE) by 44.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,000 shares of the semiconductor company’s stock after acquiring an additional 10,720 shares during the period. Walthausen & Co. LLC owned approximately 0.17% of Park Electrochemical Corporation worth $645,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PKE. Great West Life Assurance Co. Can lifted its stake in shares of Park Electrochemical Corporation by 11.4% during the first quarter. Great West Life Assurance Co. Can now owns 26,939 shares of the semiconductor company’s stock worth $481,000 after purchasing an additional 2,752 shares in the last quarter. Comerica Bank lifted its stake in shares of Park Electrochemical Corporation by 3.8% during the first quarter. Comerica Bank now owns 21,022 shares of the semiconductor company’s stock worth $366,000 after purchasing an additional 765 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Park Electrochemical Corporation by 0.6% during the first quarter. Ameriprise Financial Inc. now owns 181,505 shares of the semiconductor company’s stock worth $3,242,000 after purchasing an additional 1,154 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Park Electrochemical Corporation by 2.1% during the first quarter. Parametric Portfolio Associates LLC now owns 41,967 shares of the semiconductor company’s stock worth $750,000 after purchasing an additional 861 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its stake in shares of Park Electrochemical Corporation by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 19,178 shares of the semiconductor company’s stock worth $343,000 after purchasing an additional 2,894 shares in the last quarter. Institutional investors own 81.68% of the company’s stock.

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Park Electrochemical Corporation (NYSE:PKE) last posted its earnings results on Tuesday, October 3rd. The semiconductor company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). The business had revenue of $29.84 million for the quarter, compared to analyst estimates of $28.00 million. Park Electrochemical Corporation had a return on equity of 5.12% and a net margin of 5.63%. During the same period in the previous year, the company earned $0.10 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.14%. The ex-dividend date is Monday, October 2nd. Park Electrochemical Corporation’s payout ratio is 129.03%.

A number of research analysts have commented on the company. BidaskClub cut Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Needham & Company LLC restated a “buy” rating and set a $22.00 price objective on shares of Park Electrochemical Corporation in a research note on Friday, September 1st. Finally, Zacks Investment Research cut Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, October 7th.

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.

Institutional Ownership by Quarter for Park Electrochemical Corporation (NYSE:PKE)

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