Park-Ohio Holdings Corp. (NASDAQ:PKOH) Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC increased its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 0.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 475,100 shares of the industrial products company’s stock after acquiring an additional 2,500 shares during the period. Gabelli Funds LLC owned approximately 3.64% of Park-Ohio worth $9,027,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Park-Ohio by 0.6% in the 1st quarter. BlackRock Inc. now owns 108,251 shares of the industrial products company’s stock valued at $1,308,000 after purchasing an additional 671 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Park-Ohio by 3.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,455 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 806 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Park-Ohio by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 70,469 shares of the industrial products company’s stock valued at $991,000 after purchasing an additional 861 shares in the last quarter. Spire Wealth Management raised its position in shares of Park-Ohio by 52.9% in the 1st quarter. Spire Wealth Management now owns 2,817 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 975 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Park-Ohio by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 82,061 shares of the industrial products company’s stock valued at $1,003,000 after acquiring an additional 1,117 shares during the last quarter. 48.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Park-Ohio from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. TheStreet upgraded Park-Ohio from a “d+” rating to a “c” rating in a report on Monday, October 16th.

Park-Ohio Trading Up 0.0 %

NASDAQ:PKOH opened at $23.10 on Tuesday. Park-Ohio Holdings Corp. has a 1 year low of $10.90 and a 1 year high of $28.79. The stock has a market cap of $302.38 million, a price-to-earnings ratio of -115.49 and a beta of 1.25. The business has a fifty day moving average of $21.92 and a 200-day moving average of $19.30. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.24 and a current ratio of 2.14.

Park-Ohio Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.50 annualized dividend and a dividend yield of 2.16%. Park-Ohio’s dividend payout ratio (DPR) is -249.99%.

Insider Activity

In other news, Director Dan T. Moore III sold 5,492 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $23.76, for a total value of $130,489.92. Following the completion of the sale, the director now owns 49,808 shares in the company, valued at $1,183,438.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Dan T. Moore III sold 5,492 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $23.76, for a total transaction of $130,489.92. Following the completion of the sale, the director now directly owns 49,808 shares of the company’s stock, valued at $1,183,438.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dan T. Moore III sold 10,239 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $24.29, for a total value of $248,705.31. Following the sale, the director now directly owns 61,616 shares of the company’s stock, valued at $1,496,652.64. The disclosure for this sale can be found here. Insiders own 35.60% of the company’s stock.

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.