GSA Capital Partners LLP Sells 502 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

GSA Capital Partners LLP trimmed its holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,535 shares of the industrial products company’s stock after selling 502 shares during the period. GSA Capital Partners LLP owned about 0.25% of Park-Ohio worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in PKOH. BNP Paribas Financial Markets lifted its position in Park-Ohio by 23.1% in the 1st quarter. BNP Paribas Financial Markets now owns 10,831 shares of the industrial products company’s stock valued at $289,000 after acquiring an additional 2,036 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Park-Ohio by 7.8% during the first quarter. Empowered Funds LLC now owns 9,618 shares of the industrial products company’s stock valued at $257,000 after buying an additional 700 shares during the last quarter. Vanguard Group Inc. grew its holdings in Park-Ohio by 0.7% during the first quarter. Vanguard Group Inc. now owns 442,830 shares of the industrial products company’s stock worth $11,815,000 after buying an additional 3,236 shares in the last quarter. Acadian Asset Management LLC raised its position in Park-Ohio by 0.4% in the 1st quarter. Acadian Asset Management LLC now owns 246,968 shares of the industrial products company’s stock valued at $6,584,000 after buying an additional 1,074 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Park-Ohio by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703 shares of the industrial products company’s stock valued at $233,000 after acquiring an additional 449 shares in the last quarter. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Park-Ohio Price Performance

Park-Ohio stock opened at $32.19 on Friday. The stock has a market cap of $451.95 million, a P/E ratio of 25.75 and a beta of 1.16. The company has a quick ratio of 1.22, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. The company’s 50 day moving average price is $29.69 and its two-hundred day moving average price is $27.90. Park-Ohio Holdings Corp. has a 52 week low of $22.32 and a 52 week high of $34.50.

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

Park-Ohio Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.55%. Park-Ohio’s dividend payout ratio is currently 40.00%.

Park-Ohio 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.