Heartland Advisors Inc. lowered its stake in Park Electrochemical Corporation (NYSE:PKE) by 18.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,284,007 shares of the semiconductor company’s stock after selling 296,846 shares during the period. Park Electrochemical Corporation makes up about 1.5% of Heartland Advisors Inc.’s investment portfolio, making the stock its 4th largest position. Heartland Advisors Inc. owned about 6.35% of Park Electrochemical Corporation worth $23,651,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royce & Associates LP boosted its position in shares of Park Electrochemical Corporation by 1.5% in the second quarter. Royce & Associates LP now owns 2,921,834 shares of the semiconductor company’s stock valued at $53,820,000 after buying an additional 42,700 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Park Electrochemical Corporation by 57.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,986 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 2,545 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Park Electrochemical Corporation by 5.0% in the second quarter. Gamco Investors INC. ET AL now owns 849,200 shares of the semiconductor company’s stock valued at $15,642,000 after buying an additional 40,095 shares during the last quarter. Teton Advisors Inc. boosted its position in shares of Park Electrochemical Corporation by 1.3% in the second quarter. Teton Advisors Inc. now owns 133,228 shares of the semiconductor company’s stock valued at $2,454,000 after buying an additional 1,700 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Park Electrochemical Corporation by 12.7% in the second quarter. Legal & General Group Plc now owns 34,578 shares of the semiconductor company’s stock valued at $637,000 after buying an additional 3,902 shares during the last quarter. Institutional investors own 81.68% of the company’s stock.

Shares of Park Electrochemical Corporation (PKE) traded up 1.10% on Thursday, reaching $18.34. 1,793 shares of the company’s stock traded hands. The firm’s 50 day moving average is $18.15 and its 200 day moving average is $18.00. The firm has a market capitalization of $371.09 million, a P/E ratio of 48.26 and a beta of 0.83. Park Electrochemical Corporation has a 52 week low of $13.76 and a 52 week high of $20.24.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Wednesday, July 5th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.21%. Park Electrochemical Corporation’s dividend payout ratio (DPR) is 105.27%.

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Several brokerages have issued reports on PKE. Zacks Investment Research upgraded shares of Park Electrochemical Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. BidaskClub cut shares of Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 10th.

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

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