Heartland Advisors Inc Lowers stake in Park Electrochemical Corp. (PKE)

Park Electrochemical Corp. (PKE) : Heartland Advisors Inc reduced its stake in Park Electrochemical Corp. by 1.11% during the most recent quarter end. The investment management company now holds a total of 2,013,894 shares of Park Electrochemical Corp. which is valued at $30,007,021 after selling 22,655 shares in Park Electrochemical Corp. , the firm said in a disclosure report filed with the SEC on May 3, 2016.Park Electrochemical Corp. makes up approximately 1.57% of Heartland Advisors Inc’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in PKE in the latest quarter, The investment management firm added 7,650 additional shares and now holds a total of 27,210 shares of Park Electrochemical Corp. which is valued at $405,429. Park Electrochemical Corp. makes up approx 0.03% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Rhumbline Advisers boosted its stake in PKE in the latest quarter, The investment management firm added 3,240 additional shares and now holds a total of 38,922 shares of Park Electrochemical Corp. which is valued at $579,938.Texas Permanent School Fund reduced its stake in PKE by selling 625 shares or 3.71% in the most recent quarter. The Hedge Fund company now holds 16,205 shares of PKE which is valued at $264,304.Bnp Paribas Arbitrage Sa boosted its stake in PKE in the latest quarter, The investment management firm added 993 additional shares and now holds a total of 2,948 shares of Park Electrochemical Corp. which is valued at $49,467.

Park Electrochemical Corp. opened for trading at $15.03 and hit $15.22 on the upside on Tuesday, eventually ending the session at $15.11, with a gain of 0.60% or 0.09 points. The heightened volatility saw the trading volume jump to 28,950 shares. Company has a market cap of $306 M.

Park Electrochemical Corp. (Park) is a global advanced materials company. The Company develops manufactures markets and sells high-technology 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. Park operates through integrated business units in Asia Europe and North America. The Company also sells composite materials for use in RF electrical applications. The Company’s manufacturing facilities are located in Singapore France Kansas Arizona and California. The Company also maintains research and development facilities in Arizona Kansas and Singapore. The Company’s foreign operations are conducted principally by the Company’s subsidiaries in Singapore and France.

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