Insider Selling: Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Sells 1,000 Shares of Stock
Park-Ohio Holdings Corp. (NASDAQ:PKOH – Get Free Report) Director James W. Wert sold 1,000 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $26.00, for a total value of $26,000.00. Following the transaction, the director now owns 91,190 shares of the company’s stock, valued at approximately $2,370,940. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Park-Ohio Stock Performance
Shares of Park-Ohio stock traded up $0.33 during trading on Thursday, hitting $26.26. The stock had a trading volume of 28,452 shares, compared to its average volume of 45,166. The company has a debt-to-equity ratio of 2.29, a current ratio of 2.14 and a quick ratio of 1.24. The firm’s fifty day simple moving average is $23.70 and its 200-day simple moving average is $20.51. Park-Ohio Holdings Corp. has a 12 month low of $10.90 and a 12 month high of $28.79.
Park-Ohio (NASDAQ:PKOH – Get Free Report) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.19. The company had revenue of $418.80 million for the quarter, compared to the consensus estimate of $406.05 million. Park-Ohio had a negative net margin of 0.10% and a positive return on equity of 10.86%. As a group, equities analysts anticipate that Park-Ohio Holdings Corp. will post 3.09 earnings per share for the current year.
Park-Ohio Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.90%. Park-Ohio’s payout ratio is -249.99%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on PKOH shares. StockNews.com lowered Park-Ohio from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. TheStreet raised Park-Ohio from a “d+” rating to a “c” rating in a research report on Monday, October 16th.
View Our Latest Stock Report on PKOH
Hedge Funds Weigh In On Park-Ohio
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PKOH. Public Employees Retirement System of Ohio purchased a new position in Park-Ohio during the third quarter worth about $87,000. Gladius Capital Management LP purchased a new position in Park-Ohio in the third quarter valued at about $37,000. American Century Companies Inc. purchased a new stake in Park-Ohio during the 3rd quarter worth approximately $430,000. Deutsche Bank AG acquired a new position in shares of Park-Ohio in the 3rd quarter valued at approximately $73,000. Finally, Walleye Capital LLC acquired a new stake in shares of Park-Ohio during the third quarter worth approximately $266,000. 48.16% of the stock is owned by institutional investors and hedge funds.
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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