Gamco Investors INC. ET AL Increases Holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Gamco Investors INC. ET AL increased its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 960,127 shares of the industrial products company's stock after acquiring an additional 29,004 shares during the period. Gamco Investors INC. ET AL owned about 6.84% of Park-Ohio worth $25,223,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers grew its stake in Park-Ohio by 5.2% in the fourth quarter. Rhumbline Advisers now owns 13,463 shares of the industrial products company's stock valued at $354,000 after purchasing an additional 661 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Park-Ohio by 1.5% in the third quarter. Geode Capital Management LLC now owns 194,982 shares of the industrial products company's stock valued at $5,987,000 after buying an additional 2,928 shares in the last quarter. Jane Street Group LLC acquired a new position in Park-Ohio during the third quarter worth $242,000. Barclays PLC raised its position in Park-Ohio by 215.2% during the third 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Park-Ohio by 51.4% in the third quarter. JPMorgan Chase & Co. now owns 26,026 shares of the industrial products company's stock valued at $799,000 after acquiring an additional 8,841 shares during the last quarter. Institutional investors own 51.38% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Park-Ohio from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th.

Park-Ohio Price Performance

NASDAQ PKOH traded up $0.55 on Friday, hitting $18.80. 22,513 shares of the company's stock were exchanged, compared to its average volume of 28,330. Park-Ohio Holdings Corp. has a 52 week low of $18.00 and a 52 week high of $34.50. The stock has a 50-day moving average of $22.06 and a 200-day moving average of $26.24. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90. The stock has a market cap of $267.51 million, a price-to-earnings ratio of 15.04 and a beta of 1.10.

Park-Ohio Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.66%. Park-Ohio's dividend payout ratio (DPR) is presently 20.49%.

Insider Activity

In other news, Director Edward F. Crawford sold 22,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total value of $486,675.00. Following the completion of the sale, the director now directly owns 766,273 shares of the company's stock, valued at $16,574,484.99. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 33.04% of the stock is owned by company insiders.

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.