Jane Street Group LLC Makes New $242,000 Investment in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Jane Street Group LLC bought a new position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,872 shares of the industrial products company’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PKOH. BNP Paribas Financial Markets increased its stake in shares of Park-Ohio by 105.2% in the third quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock valued at $100,000 after buying an additional 1,669 shares during the period. EMC Capital Management increased its stake in shares of 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 buying an additional 4,416 shares during the period. L & S Advisors Inc acquired a new stake in shares of Park-Ohio in the third quarter valued at about $230,000. Aristeia Capital L.L.C. increased its stake in shares of Park-Ohio by 11.3% in the second quarter. Aristeia Capital L.L.C. now owns 11,515 shares of the industrial products company’s stock valued at $298,000 after buying an additional 1,170 shares during the period. Finally, Rhumbline Advisers increased 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 during the period. Institutional investors and hedge funds own 51.38% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Park-Ohio news, Director Patrick V. Auletta sold 9,800 shares of the stock in a transaction that occurred 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 transaction, the director now owns 12,135 shares in the company, valued at approximately $381,403.05. This represents a 44.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert D. Vilsack sold 3,556 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $31.67, for a total value of $112,618.52. Following the completion of the transaction, the insider now owns 187,764 shares in the company, valued at $5,946,485.88. This represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 33.04% of the company’s stock.

Park-Ohio Trading Down 1.8 %

Shares of PKOH stock opened at $23.59 on Friday. The stock has a 50-day moving average of $29.48 and a 200-day moving average of $28.85. Park-Ohio Holdings Corp. has a 1-year low of $22.74 and a 1-year high of $34.50. The stock has a market cap of $331.25 million, a price-to-earnings ratio of 18.87 and a beta of 1.21. 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 (NASDAQ:PKOH) last released its earnings results on Wednesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.89 by $0.18. Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%. The business had revenue of $417.60 million during the quarter.

Park-Ohio Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, November 15th. This represents a $0.50 annualized dividend and a yield of 2.12%. Park-Ohio’s dividend payout ratio is currently 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.