Citadel Advisors LLC Has $326,000 Position in Park Electrochemical Corporation (NYSE:PKE)

Citadel Advisors LLC decreased its stake in Park Electrochemical Corporation (NYSE:PKE) by 10.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 18,241 shares of the semiconductor company’s stock after selling 2,162 shares during the period. Citadel Advisors LLC owned approximately 0.09% of Park Electrochemical Corporation worth $326,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Comerica Bank boosted its stake in shares of Park Electrochemical Corporation by 5.8% in the fourth quarter. Comerica Bank now owns 20,257 shares of the semiconductor company’s stock valued at $362,000 after buying an additional 1,109 shares during the last quarter. State Street Corp boosted its stake in shares of Park Electrochemical Corporation by 6.8% in the fourth quarter. State Street Corp now owns 523,949 shares of the semiconductor company’s stock valued at $9,770,000 after buying an additional 33,139 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Park Electrochemical Corporation by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,060,668 shares of the semiconductor company’s stock valued at $19,781,000 after buying an additional 20,390 shares during the last quarter. Renaissance Technologies LLC boosted its position in Park Electrochemical Corporation by 6.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,017,900 shares of the semiconductor company’s stock valued at $18,984,000 after buying an additional 58,200 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in Park Electrochemical Corporation by 1.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,718 shares of the semiconductor company’s stock valued at $274,000 after buying an additional 271 shares in the last quarter. Institutional investors own 82.49% of the company’s stock.

Park Electrochemical Corporation (NYSE:PKE) traded up 1.82% during trading on Friday, reaching $19.05. The company had a trading volume of 36,224 shares. The firm has a market capitalization of $385.46 million, a PE ratio of 50.13 and a beta of 0.83. Park Electrochemical Corporation has a 12-month low of $13.76 and a 12-month high of $20.24. The firm’s 50 day moving average price is $18.33 and its 200 day moving average price is $18.03.

Park Electrochemical Corporation (NYSE:PKE) last issued its quarterly earnings data on Wednesday, June 28th. The semiconductor company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $27.42 million for the quarter, compared to the consensus estimate of $29 million. Park Electrochemical Corporation had a return on equity of 4.92% and a net margin of 6.99%. During the same quarter in the prior year, the firm earned $0.15 EPS. Analysts anticipate that Park Electrochemical Corporation will post $0.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Wednesday, July 5th will be given a $0.10 dividend. The ex-dividend date is Friday, June 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.10%. Park Electrochemical Corporation’s dividend payout ratio (DPR) is presently 105.27%.

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Several equities analysts recently issued reports on the company. BidaskClub cut Park Electrochemical Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded Park Electrochemical Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.

About Park Electrochemical Corporation

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.

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

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