Heartland Advisors Inc. Sells 74,973 Shares of Park Electrochemical Corp (PKE)

Heartland Advisors Inc. trimmed its holdings in shares of Park Electrochemical Corp (NYSE:PKE) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 867,314 shares of the semiconductor company’s stock after selling 74,973 shares during the quarter. Park Electrochemical makes up about 1.0% of Heartland Advisors Inc.’s investment portfolio, making the stock its 20th largest holding. Heartland Advisors Inc. owned approximately 4.29% of Park Electrochemical worth $14,606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PKE. Schwab Charles Investment Management Inc. grew its position in Park Electrochemical by 8.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 80,179 shares of the semiconductor company’s stock valued at $1,576,000 after buying an additional 6,270 shares during the period. Teton Advisors Inc. grew its position in Park Electrochemical by 9.0% during the fourth quarter. Teton Advisors Inc. now owns 145,228 shares of the semiconductor company’s stock valued at $2,854,000 after buying an additional 12,000 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Park Electrochemical by 1.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 860,000 shares of the semiconductor company’s stock worth $16,899,000 after purchasing an additional 13,000 shares during the period. California Public Employees Retirement System boosted its position in shares of Park Electrochemical by 4.7% in the fourth quarter. California Public Employees Retirement System now owns 85,552 shares of the semiconductor company’s stock worth $1,681,000 after purchasing an additional 3,803 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Park Electrochemical by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 262,332 shares of the semiconductor company’s stock worth $5,155,000 after purchasing an additional 4,237 shares during the period. Institutional investors own 84.58% of the company’s stock.

Separately, TheStreet upgraded shares of Park Electrochemical from a “c” rating to a “b-” rating in a research report on Monday, May 7th.

Park Electrochemical opened at $20.48 on Friday, according to MarketBeat.com. The company has a market capitalization of $408.59 million, a price-to-earnings ratio of 50.47 and a beta of 0.98. Park Electrochemical Corp has a 1-year low of $16.04 and a 1-year high of $23.58.

Park Electrochemical (NYSE:PKE) last posted its quarterly earnings results on Monday, May 7th. The semiconductor company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.02. The business had revenue of $27.80 million during the quarter. Park Electrochemical had a net margin of 18.52% and a return on equity of 4.68%. During the same quarter in the previous year, the company earned $0.13 earnings per share.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 3rd were given a $0.10 dividend. The ex-dividend date was Monday, April 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.95%. Park Electrochemical’s payout ratio is currently 102.56%.

About Park Electrochemical

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 provides composite materials, primary and secondary structures and assemblies, and tooling products for the aerospace markets.

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

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