Dimensional Fund Advisors LP Has $27.47 Million Stake in Park Electrochemical Corp. (PKE)

Dimensional Fund Advisors LP decreased its position in Park Electrochemical Corp. (NYSE:PKE) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,184,418 shares of the semiconductor company’s stock after selling 33,211 shares during the quarter. Dimensional Fund Advisors LP owned 0.06% of Park Electrochemical worth $27,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PKE. Guggenheim Capital LLC bought a new stake in shares of Park Electrochemical in the 1st quarter worth about $3,264,000. BlackRock Inc. grew its holdings in shares of Park Electrochemical by 5.4% in the 2nd quarter. BlackRock Inc. now owns 2,664,796 shares of the semiconductor company’s stock worth $61,798,000 after purchasing an additional 137,492 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Park Electrochemical in the 2nd quarter worth about $1,559,000. TD Asset Management Inc. bought a new stake in shares of Park Electrochemical in the 2nd quarter worth about $784,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Park Electrochemical by 37.2% in the 1st quarter. Russell Investments Group Ltd. now owns 91,678 shares of the semiconductor company’s stock worth $1,544,000 after purchasing an additional 24,865 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine raised shares of Park Electrochemical from a “hold” rating to a “buy” rating in a report on Friday, June 22nd.

PKE opened at $19.50 on Tuesday. Park Electrochemical Corp. has a twelve month low of $16.45 and a twelve month high of $24.16. The stock has a market capitalization of $394.57 million, a PE ratio of 43.31 and a beta of 0.88.

Park Electrochemical (NYSE:PKE) last posted its earnings results on Thursday, October 4th. The semiconductor company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.12). Park Electrochemical had a return on equity of 5.58% and a net margin of 19.47%. The firm had revenue of $11.21 million during the quarter. During the same quarter last year, the firm posted $0.12 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 6th. Investors of record on Tuesday, October 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, October 1st. This represents a $0.40 annualized dividend and a yield of 2.05%.

Park Electrochemical 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 designs, develops, and manufactures advanced composite materials, primary and secondary structures and assemblies, and low-volume tooling products for the aerospace markets.

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

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