Park-Ohio Holdings Corp. (NASDAQ:PKOH) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 24.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,306 shares of the industrial products company’s stock after selling 4,663 shares during the period. Assenagon Asset Management S.A.’s holdings in Park-Ohio were worth $376,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PKOH. Rhumbline Advisers grew its stake in shares of Park-Ohio by 27.7% in the second quarter. Rhumbline Advisers now owns 12,290 shares of the industrial products company’s stock valued at $318,000 after buying an additional 2,665 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Park-Ohio by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 779,363 shares of the industrial products company’s stock worth $20,177,000 after acquiring an additional 12,267 shares during the period. EMC Capital Management grew its position in Park-Ohio by 166.1% in the third quarter. EMC Capital Management now owns 7,074 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 4,416 shares in the last quarter. Empowered Funds LLC grew its position in Park-Ohio by 5.2% in the third quarter. Empowered Funds LLC now owns 10,874 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 536 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Park-Ohio during the third quarter valued at approximately $1,758,000. 51.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, insider Robert D. Vilsack sold 3,556 shares of the company’s 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 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director Patrick V. Auletta sold 9,800 shares of Park-Ohio stock in a transaction on Thursday, December 5th. The stock was 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 of the company’s stock, valued at approximately $381,403.05. This represents a 44.68 % decrease in their position. The disclosure for this sale can be found here. 33.04% of the stock is owned by company insiders.

Park-Ohio Stock Down 1.3 %

Shares of Park-Ohio stock opened at $24.70 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26. Park-Ohio Holdings Corp. has a 1-year low of $22.74 and a 1-year high of $34.50. The business has a 50-day moving average of $28.06 and a 200-day moving average of $28.85. The company has a market capitalization of $346.79 million, a PE ratio of 19.76 and a beta of 1.21.

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

Park-Ohio Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.02%. Park-Ohio’s dividend payout ratio (DPR) is 40.00%.

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.