Bfsg LLC Sells 700 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Bfsg LLC lessened its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 8.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,895 shares of the industrial products company’s stock after selling 700 shares during the period. Bfsg LLC’s holdings in Park-Ohio were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its position in Park-Ohio by 5.2% during the 4th quarter. Rhumbline Advisers now owns 13,463 shares of the industrial products company’s stock valued at $354,000 after buying an additional 661 shares in the last quarter. Empowered Funds LLC increased its position 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 buying an additional 471 shares in the last quarter. SG Americas Securities LLC bought a new position in Park-Ohio during the 4th quarter valued at approximately $106,000. JPMorgan Chase & Co. increased its position in Park-Ohio by 51.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 26,026 shares of the industrial products company’s stock valued at $799,000 after buying an additional 8,841 shares in the last quarter. Finally, Barclays PLC increased its position in Park-Ohio by 215.2% during the 3rd quarter. Barclays PLC now owns 12,003 shares of the industrial products company’s stock valued at $369,000 after buying an additional 8,195 shares in the last quarter. Institutional investors own 51.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Park-Ohio from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Insider Buying and Selling at Park-Ohio

In other news, insider Robert D. Vilsack sold 3,556 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total value of $112,618.52. Following the transaction, the insider now directly owns 187,764 shares in the company, valued at $5,946,485.88. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Patrick V. Auletta sold 9,800 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $31.43, for a total value of $308,014.00. Following the completion of the transaction, the director now owns 12,135 shares in the company, valued at approximately $381,403.05. This trade represents a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 33.04% of the company’s stock.

Park-Ohio Stock Performance

Shares of PKOH opened at $25.70 on Wednesday. The business’s fifty day simple moving average is $25.86 and its two-hundred day simple moving average is $28.49. 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 12 month low of $22.74 and a 12 month high of $34.50. The company has a market cap of $360.83 million, a price-to-earnings ratio of 20.56 and a beta of 1.20.

Park-Ohio Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.50 annualized dividend and a yield of 1.95%. Park-Ohio’s dividend payout ratio is 40.00%.

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.