Park Electrochemical (NYSE:PKE) Releases Quarterly Earnings Results

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Park Electrochemical (NYSE:PKE) posted its quarterly earnings data on Thursday. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, Morningstar.com reports. The firm had revenue of $14.95 million for the quarter. Park Electrochemical had a return on equity of 6.45% and a net margin of 202.91%.

PKE stock opened at $16.20 on Friday. The stock has a market cap of $331.97 million, a P/E ratio of 35.22 and a beta of 1.08. Park Electrochemical has a 12-month low of $14.88 and a 12-month high of $23.97. The company has a fifty day moving average price of $15.98.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Investors of record on Friday, July 5th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.40 annualized dividend and a dividend yield of 2.47%.

Separately, TheStreet downgraded Trinseo from a “b-” rating to a “c+” rating in a report on Friday, May 17th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC acquired a new position in Park Electrochemical during the 1st quarter worth $31,000. Parallel Advisors LLC acquired a new position in Park Electrochemical during the 1st quarter worth $31,000. BNP Paribas Arbitrage SA grew its stake in Park Electrochemical by 195.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,227 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 2,794 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Park Electrochemical during the 4th quarter worth $97,000. Finally, Metropolitan Life Insurance Co. NY grew its stake in Park Electrochemical by 453.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,646 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 5,445 shares in the last quarter. 82.64% of the stock is owned by hedge funds and other institutional investors.

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 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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Earnings History for Park Electrochemical (NYSE:PKE)

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