Park Electrochemical Corp. (NYSE:PKE), saw it’s Board Chairman, President & CEO Brian E. Shore boost his position in the company. Shore picked up 20,000 shares of common stock at an average of $20.5 per share. Following this transaction, Shore now directly holds 392,805 shares in Park Electrochemical Corp. (NYSE:PKE), a $643.38 million market cap global materials company.
In addition, there are three major hedge funds who have a large stake in the company. Royce & Associates, the hedge fund run by Chuck Royce, reported a 13% decrease in activity over the last quarter, now holding 2,706,918 shares in the company worth around $81 million; Mario Gabelli‘s Gamco Investors remained steady, showing no movement in it’s stake with the company, having 624,400 shares worth nearly $19 million; while Jim Simon‘s Renaissance Technologies has lowered it’s exposure to Park Electrochemical Corp. (NYSE:PKE) by 2% over the last quarter, and now has 556,300 shares worth approximately $1 million invested in the company known for it’s chemistry formulation and coating technology.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.