Marshall Wace LLP Sells 37,594 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Marshall Wace LLP lessened its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 30.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 86,223 shares of the industrial products company's stock after selling 37,594 shares during the period. Marshall Wace LLP owned approximately 0.61% of Park-Ohio worth $2,265,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Federated Hermes Inc. increased its position in Park-Ohio by 74.9% during the fourth quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 944 shares during the last quarter. SG Americas Securities LLC bought a new position in Park-Ohio during the 4th quarter valued at about $106,000. Wells Fargo & Company MN raised its position in Park-Ohio by 33.7% in the 4th quarter. Wells Fargo & Company MN now owns 5,272 shares of the industrial products company's stock worth $138,000 after purchasing an additional 1,328 shares during the period. Jane Street Group LLC bought a new stake in Park-Ohio in the third quarter worth about $242,000. Finally, Empowered Funds LLC boosted its position in shares of Park-Ohio by 4.3% during the fourth quarter. Empowered Funds LLC now owns 11,345 shares of the industrial products company's stock valued at $298,000 after buying an additional 471 shares during the period. 51.38% of the stock is currently owned by institutional investors.

Park-Ohio Trading Up 2.1 %

Shares of NASDAQ:PKOH traded up $0.42 on Friday, hitting $20.50. 1,485 shares of the company's stock were exchanged, compared to its average volume of 28,443. The business's 50 day simple moving average is $21.07 and its two-hundred day simple moving average is $25.61. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26. The stock has a market capitalization of $291.62 million, a price-to-earnings ratio of 16.40 and a beta of 1.10. Park-Ohio Holdings Corp. has a 12 month low of $17.90 and a 12 month high of $34.50.

Park-Ohio Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 2.44%. Park-Ohio's dividend payout ratio is currently 20.49%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Park-Ohio from a "buy" rating to a "hold" rating in a report on Thursday, March 13th.

Insiders Place Their Bets

In related news, Director Edward F. Crawford sold 22,500 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total value of $486,675.00. Following the completion of the sale, the director now owns 766,273 shares in the company, valued at approximately $16,574,484.99. The trade was a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 31.51% of the company's stock.

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.