Have Insiders Sold Park-Ohio Holdings Shares Recently?

Park-Ohio Holdings Corp. -2.89% Post

Park-Ohio Holdings Corp.

PKOH

26.19

26.19

-2.89%

0.00% Post

Anyone interested in Park-Ohio Holdings Corp. (NASDAQ:PKOH) should probably be aware that the Independent Vice Chairman & Lead Director, James Wert, recently divested US$130k worth of shares in the company, at an average price of US$26.00 each. On the bright side, that sale was only 5.2% of their holding, so we doubt it's very meaningful, on its own.

Check out our latest analysis for Park-Ohio Holdings

The Last 12 Months Of Insider Transactions At Park-Ohio Holdings

The Independent Director, Daniel Moore, made the biggest insider sale in the last 12 months. That single transaction was for US$402k worth of shares at a price of US$24.55 each. So it's clear an insider wanted to take some cash off the table, even below the current price of US$26.68. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was only 23% of Daniel Moore's holding.

All up, insiders sold more shares in Park-Ohio Holdings than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
NasdaqGS:PKOH Insider Trading Volume March 29th 2024

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Park-Ohio Holdings

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Park-Ohio Holdings insiders own about US$114m worth of shares (which is 35% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Park-Ohio Holdings Insider Transactions Indicate?

Insiders haven't bought Park-Ohio Holdings stock in the last three months, but there was some selling. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that Park-Ohio Holdings is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Park-Ohio Holdings. Every company has risks, and we've spotted 4 warning signs for Park-Ohio Holdings (of which 1 shouldn't be ignored!) you should know about.

Of course Park-Ohio Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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