Bfsg LLC Invests $232,000 in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Bfsg LLC bought a new stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) in the 4th quarter, HoldingsChannel reports. The firm bought 8,595 shares of the industrial products company’s stock, valued at approximately $232,000.

A number of other large investors have also made changes to their positions in PKOH. Barclays PLC acquired a new stake in shares of Park-Ohio during the second quarter valued at approximately $32,000. Gladius Capital Management LP acquired a new position in Park-Ohio in the 3rd quarter valued at approximately $37,000. Covestor Ltd increased its stake in Park-Ohio by 6,160.0% in the 3rd quarter. Covestor Ltd now owns 2,817 shares of the industrial products company’s stock valued at $56,000 after buying an additional 2,772 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Park-Ohio in the 3rd quarter valued at approximately $60,000. Finally, Strs Ohio acquired a new position in Park-Ohio in the 4th quarter valued at approximately $75,000. Institutional investors and hedge funds own 51.38% of the company’s stock.

Insider Buying and Selling

In other Park-Ohio news, Director James W. Wert sold 1,500 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $25.98, for a total value of $38,970.00. Following the completion of the sale, the director now directly owns 82,690 shares of the company’s stock, valued at approximately $2,148,286.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Park-Ohio news, Director James W. Wert sold 1,500 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $25.98, for a total value of $38,970.00. Following the completion of the sale, the director now directly owns 82,690 shares of the company’s stock, valued at approximately $2,148,286.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James W. Wert sold 1,000 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $27.02, for a total transaction of $27,020.00. Following the completion of the sale, the director now directly owns 84,190 shares of the company’s stock, valued at $2,274,813.80. The disclosure for this sale can be found here. In the last three months, insiders sold 3,500 shares of company stock valued at $91,990. Company insiders own 33.26% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 18th.

Park-Ohio Stock Up 0.2 %

PKOH stock traded up $0.05 during trading hours on Wednesday, hitting $23.96. The company’s stock had a trading volume of 16,848 shares, compared to its average volume of 23,882. The company has a quick ratio of 1.14, a current ratio of 2.27 and a debt-to-equity ratio of 2.18. The company has a market capitalization of $313.16 million, a PE ratio of 37.95 and a beta of 1.23. Park-Ohio Holdings Corp. has a 12 month low of $12.07 and a 12 month high of $28.79. The stock has a 50 day moving average price of $25.35 and a two-hundred day moving average price of $24.74.

Park-Ohio (NASDAQ:PKOH) last posted its earnings results on Wednesday, March 6th. The industrial products company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The business had revenue of $389.30 million during the quarter, compared to the consensus estimate of $386.45 million. Park-Ohio had a return on equity of 13.45% and a net margin of 0.47%. During the same period in the prior year, the firm earned ($0.09) earnings per share. On average, equities research analysts expect that Park-Ohio Holdings Corp. will post 3.36 earnings per share for the current year.

Park-Ohio Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, May 2nd. Park-Ohio’s dividend payout ratio is currently 79.37%.

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.