Park Electrochemical Corp. (NYSE:PKE) Shares Purchased by Wells Fargo & Company MN
Wells Fargo & Company MN increased its stake in shares of Park Electrochemical Corp. (NYSE:PKE) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 261,676 shares of the semiconductor company’s stock after purchasing an additional 2,363 shares during the period. Wells Fargo & Company MN owned 1.28% of Park Electrochemical worth $4,367,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of PKE. Teton Advisors Inc. raised its holdings in Park Electrochemical by 1.1% in the 2nd quarter. Teton Advisors Inc. now owns 133,000 shares of the semiconductor company’s stock valued at $2,220,000 after acquiring an additional 1,500 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of Park Electrochemical during the 2nd quarter worth $441,000. KBC Group NV increased its holdings in shares of Park Electrochemical by 28.3% during the 2nd quarter. KBC Group NV now owns 33,788 shares of the semiconductor company’s stock worth $564,000 after buying an additional 7,457 shares during the last quarter. Roubaix Capital LLC increased its holdings in shares of Park Electrochemical by 117.6% during the 2nd quarter. Roubaix Capital LLC now owns 352,119 shares of the semiconductor company’s stock worth $5,877,000 after buying an additional 190,268 shares during the last quarter. Finally, Boenning & Scattergood Inc. increased its holdings in shares of Park Electrochemical by 82.0% during the 2nd quarter. Boenning & Scattergood Inc. now owns 24,726 shares of the semiconductor company’s stock worth $413,000 after buying an additional 11,142 shares during the last quarter. Hedge funds and other institutional investors own 83.96% of the company’s stock.
Shares of PKE stock traded down $0.08 on Friday, reaching $18.41. 338 shares of the stock were exchanged, compared to its average volume of 86,416. The firm has a 50 day moving average of $17.67 and a two-hundred day moving average of $16.63. Park Electrochemical Corp. has a 1-year low of $14.88 and a 1-year high of $23.30. The stock has a market cap of $378.70 million, a P/E ratio of 40.17 and a beta of 1.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Tuesday, October 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Monday, September 30th.
Separately, ValuEngine upgraded Park Electrochemical from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th.
In other Park Electrochemical news, Director Steven T. Warshaw sold 3,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $17.12, for a total value of $51,360.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $171,200. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stephen E. Gilhuley sold 8,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $18.18, for a total value of $145,440.00. Following the sale, the vice president now directly owns 12,710 shares in the company, valued at $231,067.80. The disclosure for this sale can be found here. In the last three months, insiders sold 19,000 shares of company stock worth $337,120. 8.40% of the stock is currently owned by insiders.
Park Electrochemical Company Profile
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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