Walleye Capital LLC Makes New Investment in Columbus McKinnon Co. (NASDAQ:CMCO)

Walleye Capital LLC bought a new position in shares of Columbus McKinnon Co. (NASDAQ:CMCO) in the third quarter, HoldingsChannel.com reports. The firm bought 48,280 shares of the industrial products company’s stock, valued at approximately $1,738,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D raised its position in shares of Columbus McKinnon by 31.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,444 shares of the industrial products company’s stock valued at $2,104,000 after buying an additional 14,018 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Columbus McKinnon during the second quarter valued at about $35,540,000. Renaissance Technologies LLC raised its position in shares of Columbus McKinnon by 250.3% during the second quarter. Renaissance Technologies LLC now owns 107,885 shares of the industrial products company’s stock valued at $3,726,000 after buying an additional 77,085 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Columbus McKinnon by 152.8% in the third quarter. Harbor Capital Advisors Inc. now owns 234,124 shares of the industrial products company’s stock valued at $8,428,000 after acquiring an additional 141,502 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in Columbus McKinnon in the second quarter valued at about $1,405,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Insider Activity at Columbus McKinnon

In related news, Director Christopher J. Stephens purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of $37.34 per share, with a total value of $37,340.00. Following the completion of the purchase, the director now directly owns 6,014 shares of the company’s stock, valued at $224,562.76. This trade represents a 19.94 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David J. Wilson purchased 31,300 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were bought at an average cost of $32.02 per share, for a total transaction of $1,002,226.00. Following the completion of the purchase, the chief executive officer now directly owns 31,300 shares of the company’s stock, valued at $1,002,226. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.98% of the stock is currently owned by insiders.

Columbus McKinnon Stock Performance

NASDAQ CMCO opened at $39.57 on Thursday. The stock has a market cap of $1.14 billion, a P/E ratio of 73.53 and a beta of 1.23. The company’s 50-day simple moving average is $35.47 and its 200 day simple moving average is $35.35. Columbus McKinnon Co. has a twelve month low of $29.26 and a twelve month high of $45.84. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.50.

Columbus McKinnon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a yield of 0.71%. Columbus McKinnon’s payout ratio is currently 52.83%.

Columbus McKinnon Profile

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.