Park-Ohio Holdings Corp. (NASDAQ:PKOH) Short Interest Down 26.5% in December

Park-Ohio Holdings Corp. (NASDAQ:PKOH) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 59,104 shares, a decline of 26.5% from the December 15th total of 80,425 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average trading volume of 30,797 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 30,797 shares, the short-interest ratio is currently 1.9 days. Currently, 0.6% of the shares of the company are short sold.

Park-Ohio Stock Performance

Shares of NASDAQ:PKOH traded down $0.21 on Friday, hitting $23.03. 20,427 shares of the company were exchanged, compared to its average volume of 23,804. The company’s 50 day moving average price is $21.30 and its two-hundred day moving average price is $20.14. The firm has a market capitalization of $331.72 million, a price-to-earnings ratio of 13.71 and a beta of 1.17. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.32 and a current ratio of 2.56. Park-Ohio has a one year low of $15.52 and a one year high of $26.31.

Park-Ohio (NASDAQ:PKOH) last released its 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). The firm had revenue of $398.60 million for the quarter, compared to analyst estimates of $417.30 million. Park-Ohio had a return on equity of 10.53% and a net margin of 1.46%.Park-Ohio has set its FY 2025 guidance at 2.700-2.900 EPS.

Park-Ohio Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a dividend of $0.125 per share. The ex-dividend date was Friday, November 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. Park-Ohio’s payout ratio is currently 29.76%.

Insider Transactions at Park-Ohio

In other news, Director Ronna Romney sold 2,975 shares of the firm’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 sale, the director directly owned 28,944 shares of the company’s stock, valued at approximately $587,273.76. This trade represents a 9.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 31.51% of the stock is owned by company insiders.

Institutional Investors Weigh In On Park-Ohio

A number of institutional investors have recently bought and sold shares of the business. CWM LLC raised its stake in shares of Park-Ohio by 238.4% in the 3rd quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock valued at $26,000 after buying an additional 856 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Park-Ohio by 377.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 2,134 shares in the last quarter. BNP Paribas Financial Markets raised its position in 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 worth $55,000 after purchasing an additional 1,065 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Park-Ohio in the 1st quarter worth approximately $80,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Park-Ohio by 73.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company’s stock worth $83,000 after buying an additional 1,659 shares during the period. Institutional investors and hedge funds own 51.38% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Park-Ohio in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Park-Ohio presently has an average rating of “Hold”.

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.