Park Electrochemical Corp. (NYSE:PKE) CFO P. Matthew Farabaugh sold 8,000 shares of Park Electrochemical stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $17.54, for a total value of $140,320.00. Following the transaction, the chief financial officer now owns 3,000 shares of the company’s stock, valued at $52,620. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Park Electrochemical stock traded up $0.40 during trading on Wednesday, hitting $18.07. 1,816 shares of the company were exchanged, compared to its average volume of 109,500. Park Electrochemical Corp. has a fifty-two week low of $14.88 and a fifty-two week high of $23.30. The stock has a market cap of $353.29 million, a PE ratio of 37.48 and a beta of 1.08. The stock has a 50 day moving average of $16.42.
Park Electrochemical (NYSE:PKE) last issued its quarterly earnings data on Thursday, July 11th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter. Park Electrochemical had a return on equity of 6.30% and a net margin of 202.91%. The firm had revenue of $14.95 million during the quarter.
Separately, TheStreet downgraded Trinseo from a “b-” rating to a “c+” rating in a research report on Friday, May 17th.
Several institutional investors have recently modified their holdings of the stock. KBC Group NV raised its holdings in Park Electrochemical by 28.3% in the 2nd quarter. KBC Group NV now owns 33,788 shares of the semiconductor company’s stock valued at $564,000 after acquiring an additional 7,457 shares during the last quarter. Roubaix Capital LLC raised its holdings in Park Electrochemical by 117.6% in the 2nd quarter. Roubaix Capital LLC now owns 352,119 shares of the semiconductor company’s stock valued at $5,877,000 after acquiring an additional 190,268 shares during the last quarter. Boenning & Scattergood Inc. raised its holdings in Park Electrochemical by 82.0% in the 2nd quarter. Boenning & Scattergood Inc. now owns 24,726 shares of the semiconductor company’s stock valued at $413,000 after acquiring an additional 11,142 shares during the last quarter. 6 Meridian raised its holdings in Park Electrochemical by 4.4% in the 2nd quarter. 6 Meridian now owns 32,848 shares of the semiconductor company’s stock valued at $548,000 after acquiring an additional 1,372 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Park Electrochemical in the 1st quarter valued at $367,000. Hedge funds and other institutional investors own 81.97% of the company’s stock.
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 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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