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 acquired 4,167 shares of the stock in a transaction dated Thursday, August 14th. The stock was acquired at an average price of $20.04 per share, for a total transaction of $83,506.68. Following the completion of the transaction, the chief executive officer directly owned 911,237 shares of the company's stock, valued at approximately $18,261,189.48. This represents a 0.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Park-Ohio Price Performance

Shares of Park-Ohio stock traded down $0.15 during trading hours on Tuesday, hitting $19.43. The company's stock had a trading volume of 1,227 shares, compared to its average volume of 27,673. The business has a 50 day moving average price of $17.79 and a two-hundred day moving average price of $19.98. Park-Ohio Holdings Corp. has a 12-month low of $15.52 and a 12-month high of $34.50. The company has a market cap of $279.79 million, a PE ratio of 9.57 and a beta of 1.30. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.33 and a current ratio of 2.60.

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

Park-Ohio Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, August 1st. Park-Ohio's payout ratio is presently 24.63%.

Hedge Funds Weigh In On Park-Ohio

Several large investors have recently made changes to their positions in the business. Citadel Advisors LLC lifted its position in shares of Park-Ohio by 104.6% in the fourth quarter. Citadel Advisors LLC now owns 44,243 shares of the industrial products company's stock worth $1,162,000 after buying an additional 22,619 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Park-Ohio by 96.9% in the fourth quarter. Nuveen Asset Management LLC now owns 32,923 shares of the industrial products company's stock worth $865,000 after buying an additional 16,200 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Park-Ohio by 14.2% in the fourth quarter. Two Sigma Advisers LP now owns 20,847 shares of the industrial products company's stock worth $548,000 after buying an additional 2,600 shares in the last quarter. Bank of America Corp DE lifted 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 worth $240,000 after buying an additional 2,934 shares in the last quarter. Finally, Squarepoint Ops LLC lifted 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 worth $501,000 after buying an additional 11,871 shares in the last quarter. 51.38% of the stock is currently owned by hedge funds and other institutional investors.

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.