Park Aerospace Corp. (NYSE:PKE) Short Interest Up 15.7% in January

Park Aerospace Corp. (NYSE:PKE) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 229,000 shares, a growth of 15.7% from the January 15th total of 197,900 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 58,500 shares, the days-to-cover ratio is currently 3.9 days.

Park Aerospace Stock Down 1.9 %

PKE stock traded down $0.27 during midday trading on Monday, reaching $14.05. 36,997 shares of the company’s stock traded hands, compared to its average volume of 60,378. The company has a market cap of $279.82 million, a price-to-earnings ratio of 39.02 and a beta of 0.43. The firm’s fifty day moving average price is $14.55 and its 200-day moving average price is $14.04. Park Aerospace has a 52 week low of $11.96 and a 52 week high of $16.96.

Park Aerospace (NYSE:PKE) last posted its quarterly earnings data on Tuesday, January 14th. The semiconductor company reported $0.08 earnings per share (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 disclosed a quarterly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Friday, January 3rd. Park Aerospace’s dividend payout ratio is 138.89%.

Hedge Funds Weigh In On Park Aerospace

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Park Aerospace by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company’s stock worth $5,502,000 after acquiring an additional 5,491 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Park Aerospace by 295.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,713 shares of the semiconductor company’s stock worth $504,000 after buying an additional 28,924 shares during the last quarter. FMR LLC boosted its holdings in shares of Park Aerospace by 26.3% in the 3rd quarter. FMR LLC now owns 26,336 shares of the semiconductor company’s stock worth $343,000 after buying an additional 5,492 shares during the last quarter. Barclays PLC boosted its holdings in shares of Park Aerospace by 295.7% in the 3rd quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock worth $335,000 after buying an additional 19,213 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Park Aerospace by 76.5% in the 3rd quarter. Jane Street Group LLC now owns 30,057 shares of the semiconductor company’s stock worth $392,000 after buying an additional 13,024 shares during the last quarter. 77.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Park Aerospace from a “hold” rating to a “buy” rating in a research note 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.