Matthew V. Crawford Purchases 4,101 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) Stock

Key Points

• CEO Matthew V. Crawford purchased 4,101 shares of Park-Ohio Holdings Corp. at an average price of $20.05, increasing his ownership to a total of 907,070 shares valued at approximately $18.19 million.
• Park-Ohio recently reported quarterly earnings of $0.75 EPS, which was $0.01 below analysts' estimates, with revenue falling short of expectations at $400.10 million.
• The company declared a quarterly dividend of $0.125 per share, translating to an annualized payment of $0.50 and a yield of 2.5% for shareholders of record on August 1st.

Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) CEO Matthew V. Crawford acquired 4,101 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was acquired at an average price of $20.05 per share, with a total value of $82,225.05. Following the transaction, the chief executive officer directly owned 907,070 shares of the company's stock, valued at $18,186,753.50. This represents a 0.45% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Park-Ohio Price Performance

NASDAQ:PKOH traded down $0.35 during trading hours on Thursday, hitting $20.00. The company's stock had a trading volume of 24,235 shares, compared to its average volume of 27,337. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.33 and a current ratio of 2.60. The company has a market capitalization of $287.90 million, a PE ratio of 9.85 and a beta of 1.30. Park-Ohio Holdings Corp. has a 52-week low of $15.52 and a 52-week high of $34.50. The business's 50-day moving average is $17.67 and its two-hundred day moving average is $20.16.

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

Park-Ohio Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, August 1st. Park-Ohio's dividend payout ratio (DPR) is presently 24.63%.

Institutional Trading of Park-Ohio

A number of hedge funds have recently added to or reduced their stakes in the business. 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 worth $19,347,000 after purchasing an additional 118,393 shares during the period. Private Management Group Inc. raised its holdings in shares of Park-Ohio by 1.9% during the 2nd quarter. Private Management Group Inc. now owns 1,023,164 shares of the industrial products company's stock valued at $18,274,000 after buying an additional 18,853 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Park-Ohio by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 801,886 shares of the industrial products company's stock valued at $21,066,000 after buying an additional 9,853 shares during the period. Gabelli Funds LLC raised its holdings in shares of Park-Ohio by 0.5% during the 2nd quarter. Gabelli Funds LLC now owns 480,200 shares of the industrial products company's stock valued at $8,576,000 after buying an additional 2,500 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in shares of Park-Ohio by 18.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 386,025 shares of the industrial products company's stock valued at $6,894,000 after buying an additional 61,132 shares during the period. 51.38% of the stock is owned by institutional investors and hedge funds.

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.

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