Rhumbline Advisers Boosts Stake in Park Electrochemical Corp. (NYSE:PKE)

Rhumbline Advisers boosted its stake in Park Electrochemical Corp. (NYSE:PKE) by 192.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 170,553 shares of the semiconductor company’s stock after buying an additional 112,245 shares during the quarter. Rhumbline Advisers’ holdings in Park Electrochemical were worth $2,995,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in Park Electrochemical by 387.3% in the 2nd quarter. Bank of Montreal Can now owns 2,802 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 2,227 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Park Electrochemical by 58.3% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,023 shares of the semiconductor company’s stock worth $134,000 after purchasing an additional 2,954 shares during the period. Ellington Management Group LLC purchased a new position in shares of Park Electrochemical during the 2nd quarter worth $192,000. Macquarie Group Ltd. purchased a new position in shares of Park Electrochemical during the 2nd quarter worth $195,000. Finally, State of Alaska Department of Revenue lifted its stake in shares of Park Electrochemical by 125.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 14,959 shares of the semiconductor company’s stock worth $262,000 after purchasing an additional 8,333 shares during the period. 85.76% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine raised Park Electrochemical from a “hold” rating to a “buy” rating in a research note on Monday.

Shares of Park Electrochemical stock traded down $0.02 during trading hours on Tuesday, reaching $17.05. 907 shares of the company’s stock were exchanged, compared to its average volume of 106,477. Park Electrochemical Corp. has a 52-week low of $14.88 and a 52-week high of $23.30. The firm has a market capitalization of $373.43 million, a price-to-earnings ratio of 35.69 and a beta of 1.06. The company has a fifty day moving average of $17.15 and a 200-day moving average of $16.86.

Park Electrochemical (NYSE:PKE) last issued its quarterly earnings results on Thursday, October 10th. The semiconductor company reported $0.10 earnings per share for the quarter. Park Electrochemical had a return on equity of 6.72% and a net margin of 193.18%. The company had revenue of $13.72 million for the quarter.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Monday, September 30th.

In other Park Electrochemical news, Director Steven T. Warshaw sold 3,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $17.12, for a total transaction of $51,360.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $171,200. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 8.40% 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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Institutional Ownership by Quarter for Park Electrochemical (NYSE:PKE)

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