Graham Capital Management L.P. Acquires Shares of 11,048 Columbus McKinnon Co. (NASDAQ:CMCO)

Graham Capital Management L.P. purchased a new position in shares of Columbus McKinnon Co. (NASDAQ:CMCO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,048 shares of the industrial products company’s stock, valued at approximately $411,000.

Several other institutional investors also recently modified their holdings of CMCO. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Columbus McKinnon during the fourth quarter worth $26,416,000. Victory Capital Management Inc. increased its holdings in shares of Columbus McKinnon by 117.8% during the fourth quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company’s stock worth $27,455,000 after buying an additional 398,826 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Columbus McKinnon during the fourth quarter worth $14,799,000. Segall Bryant & Hamill LLC increased its holdings in shares of Columbus McKinnon by 95.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 730,125 shares of the industrial products company’s stock worth $27,190,000 after buying an additional 356,232 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Columbus McKinnon by 207.9% during the fourth quarter. Invesco Ltd. now owns 455,210 shares of the industrial products company’s stock worth $16,952,000 after buying an additional 307,355 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Columbus McKinnon Stock Performance

NASDAQ CMCO opened at $17.83 on Friday. The company has a market capitalization of $510.17 million, a price-to-earnings ratio of 54.03 and a beta of 1.33. Columbus McKinnon Co. has a twelve month low of $11.78 and a twelve month high of $45.84. The stock has a fifty day simple moving average of $15.78 and a 200 day simple moving average of $26.94. The company has a quick ratio of 1.10, a current ratio of 2.03 and a debt-to-equity ratio of 0.50.

Columbus McKinnon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Friday, May 2nd were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 1.57%. Columbus McKinnon’s payout ratio is 84.85%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMCO. StockNews.com downgraded shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. DA Davidson restated a “neutral” rating and issued a $35.00 price objective on shares of Columbus McKinnon in a report on Tuesday, February 18th.

Insider Activity at Columbus McKinnon

In related news, Director Chad R. Abraham acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $16.05 per share, for a total transaction of $321,000.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $321,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathryn V. Bohl purchased 2,819 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of $17.99 per share, for a total transaction of $50,713.81. Following the transaction, the director now directly owns 14,812 shares of the company’s stock, valued at approximately $266,467.88. The trade was a 23.51% increase in their position. The disclosure for this purchase can be found here. 1.98% of the stock is currently owned by company insiders.

Columbus McKinnon Company 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.