Bailard Inc. Decreases Holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Bailard Inc. lowered its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,799 shares of the industrial products company’s stock after selling 800 shares during the period. Bailard Inc. owned about 0.07% of Park-Ohio worth $257,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC acquired a new position in shares of Park-Ohio during the third quarter worth about $1,758,000. Bank of New York Mellon Corp increased its position in Park-Ohio by 13.6% during the fourth quarter. Bank of New York Mellon Corp now owns 100,432 shares of the industrial products company’s stock worth $2,638,000 after buying an additional 12,027 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Park-Ohio by 51.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,026 shares of the industrial products company’s stock valued at $799,000 after purchasing an additional 8,841 shares in the last quarter. Barclays PLC grew its stake in Park-Ohio by 215.2% in the 3rd quarter. Barclays PLC now owns 12,003 shares of the industrial products company’s stock worth $369,000 after acquiring an additional 8,195 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Park-Ohio in the 3rd quarter valued at about $242,000. Hedge funds and other institutional investors own 51.38% of the company’s stock.

Park-Ohio Stock Down 0.4 %

Shares of NASDAQ:PKOH opened at $22.80 on Thursday. 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 $22.43 and a 12-month high of $34.50. The company has a fifty day simple moving average of $24.86 and a 200 day simple moving average of $28.16. The firm has a market cap of $320.16 million, a PE ratio of 18.24 and a beta of 1.20.

Park-Ohio Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.19%. Park-Ohio’s payout ratio is currently 40.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Park-Ohio from a “hold” rating to a “buy” rating in a research report on Wednesday.

Insider Buying and Selling

In other Park-Ohio news, insider Robert D. Vilsack sold 3,556 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $31.67, for a total transaction of $112,618.52. Following the transaction, the insider now owns 187,764 shares of the company’s stock, valued at approximately $5,946,485.88. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 33.04% of the stock is owned by company insiders.

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.