Matthew Crawford Spends US$134k On Park-Ohio Holdings Stock

Investors who take an interest in Park-Ohio Holdings Corp. (NASDAQ:PKOH) should definitely note that the Chairman, Matthew Crawford, recently paid US$24.23 per share to buy US$134k worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

Check out our latest analysis for Park-Ohio Holdings

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

In the last twelve months, the biggest single sale by an insider was when the Independent Director, Daniel Moore, sold US$402k worth of shares at a price of US$24.55 per share. So we know that an insider sold shares at around the present share price of US$24.14. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

In the last twelve months insiders purchased 6.33k shares for US$149k. But they sold 61.71k shares for US$1.5m. All up, insiders sold more shares in Park-Ohio Holdings than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Does Park-Ohio Holdings Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Park-Ohio Holdings insiders own about US$103m 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 Does This Data Suggest About Park-Ohio Holdings Insiders?

The insider sales have outweighed the insider buying, at Park-Ohio Holdings, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But it is good to see that Park-Ohio Holdings is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. When we did our research, we found 4 warning signs for Park-Ohio Holdings (1 doesn't sit too well with us!) that we believe deserve your full attention.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.