EMC Capital Management Sells 4,416 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

EMC Capital Management lessened its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 62.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,658 shares of the industrial products company’s stock after selling 4,416 shares during the period. EMC Capital Management’s holdings in Park-Ohio were worth $70,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PKOH. Dimensional Fund Advisors LP raised its stake in shares of Park-Ohio by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 779,363 shares of the industrial products company’s stock worth $20,177,000 after purchasing an additional 12,267 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Park-Ohio by 79.4% during the third quarter. Assenagon Asset Management S.A. now owns 18,969 shares of the industrial products company’s stock worth $582,000 after acquiring an additional 8,397 shares in the last quarter. Empowered Funds LLC lifted its stake in Park-Ohio by 5.2% in the third quarter. Empowered Funds LLC now owns 10,874 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 536 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Park-Ohio in the 3rd quarter valued at about $1,758,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Park-Ohio by 9.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,391 shares of the industrial products company’s stock valued at $1,915,000 after acquiring an additional 5,465 shares during the period. 51.38% of the stock is owned by institutional investors and hedge funds.

Park-Ohio Price Performance

NASDAQ:PKOH opened at $24.88 on Friday. The company has a market cap of $349.32 million, a P/E ratio of 19.90 and a beta of 1.21. The firm’s fifty day moving average price is $27.34 and its two-hundred day moving average price is $28.84. Park-Ohio Holdings Corp. has a one year low of $22.74 and a one year high of $34.50. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26.

Park-Ohio (NASDAQ:PKOH) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.18. The company had revenue of $417.60 million during the quarter. Park-Ohio had a net margin of 1.01% and a return on equity of 14.64%.

Park-Ohio Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Friday, February 7th. Park-Ohio’s dividend payout ratio (DPR) is currently 40.00%.

Insider Buying and Selling

In other news, Director Patrick V. Auletta sold 9,800 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $31.43, for a total transaction of $308,014.00. Following the completion of the transaction, the director now owns 12,135 shares of the company’s stock, valued at approximately $381,403.05. The trade was a 44.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert D. Vilsack sold 3,556 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total transaction of $112,618.52. Following the transaction, the insider now owns 187,764 shares of the company’s stock, valued at approximately $5,946,485.88. This represents a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 33.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Park-Ohio from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Park-Ohio 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.