Park-Ohio Holdings Corp. (NASDAQ:PKOH) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 10.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,822 shares of the industrial products company’s stock after selling 2,478 shares during the period. Sei Investments Co. owned about 0.16% of Park-Ohio worth $573,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PKOH. BNP Paribas Financial Markets increased its holdings in Park-Ohio by 105.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 1,669 shares in the last quarter. SG Americas Securities LLC bought a new position in Park-Ohio during the 4th quarter worth $106,000. Jane Street Group LLC acquired a new stake in shares of Park-Ohio in the third quarter valued at approximately $242,000. Empowered Funds LLC raised its stake in Park-Ohio by 4.3% during the 4th quarter. Empowered Funds LLC now owns 11,345 shares of the industrial products company’s stock valued at $298,000 after acquiring an additional 471 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Park-Ohio by 5.2% during the fourth quarter. Rhumbline Advisers now owns 13,463 shares of the industrial products company’s stock valued at $354,000 after acquiring an additional 661 shares during the period. 51.38% of the stock is currently owned by hedge funds and other institutional investors.

Park-Ohio Stock Up 10.1 %

Shares of NASDAQ PKOH opened at $20.46 on Thursday. The firm’s 50-day moving average is $22.95 and its 200-day moving average is $26.75. The firm has a market capitalization of $291.17 million, a PE ratio of 16.37 and a beta of 1.10. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90. Park-Ohio Holdings Corp. has a 1 year low of $18.23 and a 1 year high of $34.50.

Park-Ohio Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.125 per share. The ex-dividend date was Friday, February 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.44%. Park-Ohio’s payout ratio is currently 20.49%.

Insider Activity at Park-Ohio

In related news, Director Edward F. Crawford sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total value of $486,675.00. Following the completion of the transaction, the director now directly owns 766,273 shares in the company, valued at approximately $16,574,484.99. The trade was a 2.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 33.04% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Park-Ohio from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th.

Park-Ohio Company 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.