Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 126,800 shares, a decrease of 24.6% from the April 30th total of 168,200 shares. Approximately 1.3% of the company's shares are short sold. Based on an average daily volume of 26,400 shares, the days-to-cover ratio is presently 4.8 days.
Insider Buying and Selling
In other Park-Ohio news, Director Edward F. Crawford sold 22,500 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total transaction of $486,675.00. Following the sale, the director now owns 766,273 shares of the company's stock, valued at approximately $16,574,484.99. This trade represents a 2.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.51% of the stock is owned by insiders.
Institutional Trading of Park-Ohio
A number of institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its position in Park-Ohio by 14,282.4% during the 1st quarter. Russell Investments Group Ltd. now owns 2,445 shares of the industrial products company's stock worth $53,000 after purchasing an additional 2,428 shares during the last quarter. Federated Hermes Inc. raised its stake in Park-Ohio by 74.9% in the 4th quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company's stock worth $58,000 after acquiring an additional 944 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Park-Ohio in the 1st quarter worth $80,000. SG Americas Securities LLC purchased a new position in Park-Ohio in the 4th quarter worth $106,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Park-Ohio by 10.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company's stock worth $118,000 after acquiring an additional 527 shares during the last quarter. 51.38% of the stock is currently owned by institutional investors and hedge funds.
Park-Ohio Stock Down 0.2%
NASDAQ PKOH traded down $0.03 during midday trading on Thursday, hitting $17.64. 31,862 shares of the company traded hands, compared to its average volume of 29,343. 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 company has a market cap of $251.02 million, a PE ratio of 14.11 and a beta of 1.27. The company's 50-day simple moving average is $19.31 and its 200-day simple moving average is $23.65. Park-Ohio has a 52 week low of $17.43 and a 52 week high of $34.50.
Park-Ohio (NASDAQ:PKOH - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.18). Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%. The business had revenue of $405.40 million during the quarter, compared to analyst estimates of $425.95 million.
Park-Ohio Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a dividend of $0.125 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.50 annualized dividend and a dividend yield of 2.83%. Park-Ohio's dividend payout ratio (DPR) is currently 21.83%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Park-Ohio from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th.
Read Our Latest Research Report on Park-Ohio
Park-Ohio Company Profile
(
Get Free Report)
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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