Renaissance Tech Updates PKE Stake; Files 13G/A Amendment No. 7
Ticker: PKE · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 76267
| Field | Detail |
|---|---|
| Company | Park Aerospace Corp (PKE) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, equity-stake
TL;DR
**Renaissance Tech just updated its PKE holdings, signaling continued institutional interest.**
AI Summary
Renaissance Technologies LLC, a major investment firm, has updated its ownership stake in Park Aerospace Corp. (PKE) as of December 29, 2023. This Schedule 13G/A filing, Amendment No. 7, indicates that Renaissance Technologies LLC continues to hold a significant position in the company's Common Stock, par value $.10 per share. This matters to investors because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in the company's future prospects.
Why It Matters
This filing shows that a major institutional investor, Renaissance Technologies LLC, is still actively managing its position in Park Aerospace Corp., which can impact trading volume and investor sentiment.
Risk Assessment
Risk Level: low — This is a routine update from an institutional investor and does not inherently signal a significant risk or opportunity, but rather a change in reporting.
Analyst Insight
Investors should note that a major institutional investor like Renaissance Technologies LLC is maintaining its position, suggesting continued confidence in Park Aerospace Corp. However, this filing alone doesn't provide details on the exact change in ownership percentage, so further investigation into the full 13G/A form would be prudent for a complete picture.
Key Numbers
- 70014A104 — CUSIP Number (identifies Park Aerospace Corp.'s Common Stock)
- 005-13212 — SEC File Number (identifies Park Aerospace Corp.'s registration with the SEC)
- 0001037389-24-000015 — Accession Number (unique identifier for this specific SEC filing)
Key Players & Entities
- Renaissance Technologies LLC (company) — the investment firm filing the SC 13G/A
- Park Aerospace Corp. (company) — the issuer of the securities
- December 29, 2023 (date) — the date of the event requiring the filing
- Amendment No. 7 (number) — the specific amendment number of the filing
- $.10 per share (dollar_amount) — the par value of Park Aerospace Corp.'s Common Stock
Forward-Looking Statements
- Renaissance Technologies LLC will continue to be a significant holder of Park Aerospace Corp. stock. (Renaissance Technologies LLC) — medium confidence, target: Q2 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 7, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is Renaissance Technologies LLC, located at 800 Third Ave, New York, NY 10022.
What is the subject company of this filing?
The subject company is Park Aerospace Corp., whose business address is 48 S. Service Road, Suite 300, Melville, NY 11747.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 29, 2023.
What is the CUSIP number for the class of securities mentioned in the filing?
The CUSIP number for the Common Stock, par value $.10 per share, of Park Aerospace Corp. is 70014A104.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 13, 2024 regarding PARK AEROSPACE CORP (PKE).