Segall Bryant & Hamill LLC Sells 16,603 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Segall Bryant & Hamill LLC lowered its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 24.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,407 shares of the industrial products company's stock after selling 16,603 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.35% of Park-Ohio worth $1,089,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Citadel Advisors LLC raised its holdings in shares of Park-Ohio by 104.6% during the fourth quarter. Citadel Advisors LLC now owns 44,243 shares of the industrial products company's stock valued at $1,162,000 after acquiring an additional 22,619 shares during the period. Nuveen Asset Management LLC boosted its position in Park-Ohio by 96.9% during the fourth quarter. Nuveen Asset Management LLC now owns 32,923 shares of the industrial products company's stock worth $865,000 after purchasing an additional 16,200 shares during the period. Two Sigma Advisers LP boosted its position in Park-Ohio by 14.2% during the fourth quarter. Two Sigma Advisers LP now owns 20,847 shares of the industrial products company's stock worth $548,000 after purchasing an additional 2,600 shares during the period. Bank of America Corp DE boosted its position in shares of Park-Ohio by 47.4% in the fourth quarter. Bank of America Corp DE now owns 9,127 shares of the industrial products company's stock valued at $240,000 after acquiring an additional 2,934 shares during the period. Finally, Squarepoint Ops LLC boosted its position in shares of Park-Ohio by 165.0% in the fourth quarter. Squarepoint Ops LLC now owns 19,067 shares of the industrial products company's stock valued at $501,000 after acquiring an additional 11,871 shares during the period. 51.38% of the stock is owned by institutional investors and hedge funds.

Park-Ohio Stock Performance

Shares of PKOH traded up $0.68 during mid-day trading on Wednesday, hitting $17.85. The company's stock had a trading volume of 58,454 shares, compared to its average volume of 29,238. The firm has a market capitalization of $254.01 million, a PE ratio of 7.79 and a beta of 1.25. Park-Ohio Holdings Corp. has a one year low of $16.26 and a one year high of $34.50. The stock's 50-day moving average is $18.04 and its two-hundred day moving average is $20.92. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.25 and a current ratio of 2.41.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.18). Park-Ohio had a return on equity of 13.76% and a net margin of 1.86%. The firm had revenue of $405.40 million during the quarter, compared to the consensus estimate of $425.95 million.

Park-Ohio Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.80%. Park-Ohio's dividend payout ratio (DPR) is presently 21.83%.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.