Park-Ohio Holdings Corp. (NASDAQ:PKOH) Short Interest Update

Park-Ohio Holdings Corp. (NASDAQ:PKOH) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 77,112 shares, an increase of 30.5% from the December 31st total of 59,104 shares. Based on an average daily trading volume, of 21,421 shares, the short-interest ratio is presently 3.6 days. Currently, 0.8% of the company’s shares are sold short. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 21,421 shares, the short-interest ratio is presently 3.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Park-Ohio in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Insider Activity

In other news, Director Ronna Romney sold 2,975 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $20.29, for a total value of $60,362.75. Following the completion of the sale, the director directly owned 28,944 shares of the company’s stock, valued at $587,273.76. This represents a 9.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 31.51% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PKOH. CWM LLC grew its holdings in shares of Park-Ohio by 238.4% during the third quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock worth $26,000 after buying an additional 856 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Park-Ohio by 377.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 2,134 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Park-Ohio by 69.3% in the third quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 1,065 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Park-Ohio in the first quarter worth $80,000. Finally, Russell Investments Group Ltd. boosted its holdings in Park-Ohio by 73.4% during the third quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,659 shares during the last quarter. 51.38% of the stock is owned by institutional investors and hedge funds.

Park-Ohio Stock Up 5.3%

NASDAQ PKOH traded up $1.19 during trading hours on Monday, reaching $23.75. 24,633 shares of the company’s stock were exchanged, compared to its average volume of 20,387. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.32 and a current ratio of 2.56. The company has a market capitalization of $342 million, a price-to-earnings ratio of 14.14 and a beta of 1.16. The company’s 50-day moving average is $21.91 and its two-hundred day moving average is $20.47. Park-Ohio has a one year low of $15.52 and a one year high of $26.31.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.18). Park-Ohio had a net margin of 1.46% and a return on equity of 10.53%. The company had revenue of $398.60 million during the quarter, compared to the consensus estimate of $417.30 million. Park-Ohio has set its FY 2025 guidance at 2.700-2.900 EPS.

Park-Ohio Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 6th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. Park-Ohio’s dividend payout ratio (DPR) is currently 29.76%.

About Park-Ohio

Park-Ohio Holdings Corp is a diversified industrial company that supplies engineered products and distribution services to a broad array of end markets. Through its two primary operating segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies and value-added distribution tailored to energy, transportation, industrial and commercial applications.

The Engineered Solutions segment provides design, machining, fabrication and assembly of custom metal parts, including heat exchangers, welded assemblies, tubing products and precision-machined components.