Teton Advisors Inc. Acquires 10,000 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Teton Advisors Inc. grew its holdings in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOHGet Rating) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,047 shares of the industrial products company’s stock after acquiring an additional 10,000 shares during the period. Teton Advisors Inc. owned about 1.59% of Park-Ohio worth $2,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Gamco Investors INC. ET AL boosted its holdings in Park-Ohio by 10.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 922,160 shares of the industrial products company’s stock worth $12,975,000 after buying an additional 84,440 shares during the period. First Eagle Investment Management LLC boosted its holdings in Park-Ohio by 96.6% in the 1st quarter. First Eagle Investment Management LLC now owns 84,241 shares of the industrial products company’s stock worth $1,185,000 after buying an additional 41,400 shares during the period. Private Management Group Inc. boosted its holdings in Park-Ohio by 4.8% in the 1st quarter. Private Management Group Inc. now owns 750,583 shares of the industrial products company’s stock worth $10,561,000 after buying an additional 34,488 shares during the period. Gabelli Funds LLC boosted its holdings in Park-Ohio by 6.0% in the 1st quarter. Gabelli Funds LLC now owns 466,062 shares of the industrial products company’s stock worth $6,557,000 after buying an additional 26,462 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Park-Ohio by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 427,986 shares of the industrial products company’s stock worth $6,022,000 after buying an additional 8,817 shares during the period. Institutional investors own 49.77% of the company’s stock.

Park-Ohio Stock Down 2.6 %

Shares of PKOH stock opened at $15.20 on Wednesday. The stock has a market cap of $194.83 million, a P/E ratio of -10.13 and a beta of 1.18. Park-Ohio Holdings Corp. has a 52 week low of $9.23 and a 52 week high of $26.91. The company has a quick ratio of 1.22, a current ratio of 2.37 and a debt-to-equity ratio of 2.09. The company’s fifty day simple moving average is $17.35 and its two-hundred day simple moving average is $15.47.

Park-Ohio (NASDAQ:PKOHGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). Park-Ohio had a negative return on equity of 1.69% and a negative net margin of 1.14%. During the same quarter in the previous year, the firm posted ($0.33) earnings per share. Analysts predict that Park-Ohio Holdings Corp. will post 1.96 EPS for the current fiscal year.

Park-Ohio Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Friday, August 5th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Thursday, August 4th. Park-Ohio’s payout ratio is currently -33.33%.

Insider Activity

In other Park-Ohio news, Director James W. Wert bought 2,000 shares of the firm’s stock in a transaction dated Thursday, June 16th. The shares were purchased at an average cost of $14.86 per share, for a total transaction of $29,720.00. Following the transaction, the director now owns 88,882 shares of the company’s stock, valued at $1,320,786.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Park-Ohio news, Director Edward F. Crawford bought 50,000 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were purchased at an average cost of $19.38 per share, for a total transaction of $969,000.00. Following the transaction, the director now owns 751,273 shares of the company’s stock, valued at $14,559,670.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James W. Wert bought 2,000 shares of the firm’s stock in a transaction dated Thursday, June 16th. The shares were acquired at an average price of $14.86 per share, for a total transaction of $29,720.00. Following the completion of the transaction, the director now directly owns 88,882 shares in the company, valued at approximately $1,320,786.52. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 52,308 shares of company stock worth $1,003,032. 33.26% of the stock is currently owned by corporate insiders.

About Park-Ohio

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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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Institutional Ownership by Quarter for Park-Ohio (NASDAQ:PKOH)

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