EMC Capital Management Has $70,000 Stock Holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

EMC Capital Management lowered its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 62.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,658 shares of the industrial products company’s stock after selling 4,416 shares during the quarter. EMC Capital Management’s holdings in Park-Ohio were worth $70,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in Park-Ohio by 105.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock worth $100,000 after buying an additional 1,669 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Park-Ohio during the fourth quarter worth approximately $106,000. L & S Advisors Inc bought a new stake in shares of Park-Ohio during the third quarter valued at approximately $230,000. Jane Street Group LLC bought a new position in Park-Ohio in the 3rd quarter worth approximately $242,000. Finally, Empowered Funds LLC lifted its holdings in Park-Ohio by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 10,874 shares of the industrial products company’s stock worth $334,000 after buying an additional 536 shares in the last quarter. 51.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Park-Ohio Stock Performance

PKOH stock opened at $24.88 on Friday. Park-Ohio Holdings Corp. has a twelve month low of $22.74 and a twelve month high of $34.50. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. The company has a market cap of $349.32 million, a P/E ratio of 19.90 and a beta of 1.21. The business’s fifty day moving average is $27.34 and its 200-day moving average is $28.84.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.18. The business had revenue of $417.60 million for the quarter. Park-Ohio had a net margin of 1.01% and a return on equity of 14.64%.

Park-Ohio Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $0.125 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.01%. Park-Ohio’s payout ratio is 40.00%.

Insider Transactions at Park-Ohio

In related news, insider Robert D. Vilsack sold 3,556 shares of the 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 completion of the sale, the insider now directly owns 187,764 shares of the company’s stock, valued at approximately $5,946,485.88. This represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick V. Auletta sold 9,800 shares of Park-Ohio stock in a transaction that occurred on Thursday, December 5th. The shares were 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 directly owns 12,135 shares in the company, valued at approximately $381,403.05. The trade was a 44.68 % decrease in their position. The disclosure for this sale can be found here. 33.04% of the stock is currently owned by insiders.

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.