Gamco Investors INC. ET AL grew its stake in shares of Park Electrochemical Corporation (NYSE:PKE) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 860,000 shares of the semiconductor company’s stock after purchasing an additional 13,000 shares during the quarter. Gamco Investors INC. ET AL owned approximately 4.25% of Park Electrochemical worth $16,899,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Alliancebernstein L.P. grew its holdings in shares of Park Electrochemical by 1.9% during the second quarter. Alliancebernstein L.P. now owns 26,156 shares of the semiconductor company’s stock valued at $482,000 after purchasing an additional 500 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Park Electrochemical by 7.3% during the second quarter. Thrivent Financial For Lutherans now owns 11,480 shares of the semiconductor company’s stock worth $211,000 after buying an additional 780 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Park Electrochemical by 5.1% during the second quarter. The Manufacturers Life Insurance Company now owns 16,652 shares of the semiconductor company’s stock worth $306,000 after buying an additional 802 shares during the period. Voya Investment Management LLC boosted its position in shares of Park Electrochemical by 13.6% during the second quarter. Voya Investment Management LLC now owns 13,071 shares of the semiconductor company’s stock worth $241,000 after buying an additional 1,561 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Park Electrochemical by 59.0% during the third quarter. Municipal Employees Retirement System of Michigan now owns 7,140 shares of the semiconductor company’s stock worth $132,000 after buying an additional 2,650 shares during the period. 81.47% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on PKE. Zacks Investment Research downgraded Park Electrochemical from a “hold” rating to a “strong sell” rating in a research report on Friday, January 12th. Needham & Company LLC boosted their price objective on Park Electrochemical to $24.00 and gave the stock a “buy” rating in a research report on Friday, January 5th. They noted that the move was a valuation call.
Park Electrochemical (NYSE:PKE) last released its earnings results on Thursday, January 4th. The semiconductor company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The firm had revenue of $26.14 million during the quarter, compared to analyst estimates of $28.50 million. Park Electrochemical had a return on equity of 4.69% and a net margin of 4.60%. During the same quarter last year, the company earned $0.10 earnings per share. research analysts anticipate that Park Electrochemical Corporation will post 0.37 EPS for the current year.
The company also recently announced a special dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, January 23rd were given a $3.00 dividend. This is an increase from Park Electrochemical’s previous special dividend of $1.50. The ex-dividend date of this dividend was Monday, January 22nd. Park Electrochemical’s dividend payout ratio is 153.85%.
Park Electrochemical 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.
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