Insider Buying: Park-Ohio Holdings Corp. (NASDAQ:PKOH) CEO Buys 4,167 Shares of Stock

Key Points

• Park-Ohio Holdings Corp. CEO Matthew V. Crawford purchased 4,167 shares of stock at an average price of $20.04 per share, increasing his total ownership to 911,237 shares.
• The company recently reported earnings of $0.75 per share, slightly missing analysts' expectations, and announced a quarterly dividend of $0.125, yielding 2.5% annually.
• Despite the recent insider buying, Park-Ohio's stock has seen a 1.7% decline, with shares trading at approximately $20.00 after the latest report.

Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) CEO Matthew V. Crawford purchased 4,167 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was purchased at an average cost of $20.04 per share, with a total value of $83,506.68. Following the acquisition, the chief executive officer directly owned 911,237 shares in the company, valued at $18,261,189.48. This trade represents a 0.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Park-Ohio Trading Down 1.7%

Shares of PKOH stock traded down $0.35 on Thursday, hitting $20.00. The stock had a trading volume of 24,235 shares, compared to its average volume of 27,337. Park-Ohio Holdings Corp. has a twelve month low of $15.52 and a twelve month high of $34.50. The firm has a market cap of $287.90 million, a P/E ratio of 9.85 and a beta of 1.30. The company has a current ratio of 2.60, a quick ratio of 1.33 and a debt-to-equity ratio of 1.75. The company has a fifty day moving average price of $17.67 and a two-hundred day moving average price of $20.16.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.01). The company had revenue of $400.10 million during the quarter, compared to analyst estimates of $416.10 million. Park-Ohio had a return on equity of 12.27% and a net margin of 1.73%.

Park-Ohio Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors 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 yield of 2.5%. Park-Ohio's dividend payout ratio is presently 24.63%.

Hedge Funds Weigh In On Park-Ohio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd boosted its stake in shares of Park-Ohio by 14.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 31,549 shares of the industrial products company's stock worth $563,000 after buying an additional 3,985 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Park-Ohio in the 2nd quarter valued at about $297,000. Gabelli Funds LLC raised its holdings in shares of Park-Ohio by 0.5% in the 2nd quarter. Gabelli Funds LLC now owns 480,200 shares of the industrial products company's stock valued at $8,576,000 after purchasing an additional 2,500 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Park-Ohio by 12.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,083,270 shares of the industrial products company's stock valued at $19,347,000 after purchasing an additional 118,393 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Park-Ohio by 5.6% in the 2nd quarter. First Trust Advisors LP now owns 28,018 shares of the industrial products company's stock valued at $500,000 after purchasing an additional 1,489 shares during the period. 51.38% of the stock is owned by institutional investors and hedge funds.

About Park-Ohio

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.

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