Access Investment Management LLC Acquires Shares of 40,980 Columbus McKinnon Co. (NASDAQ:CMCO)

by · The Cerbat Gem

Access Investment Management LLC acquired a new position in Columbus McKinnon Co. (NASDAQ:CMCO – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,980 shares of the industrial products company’s stock, valued at approximately $1,475,000. Access Investment Management LLC owned approximately 0.14% of Columbus McKinnon as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently made changes to their positions in CMCO. Quarry LP purchased a new stake in shares of Columbus McKinnon in the 2nd quarter worth about $39,000. Innealta Capital LLC purchased a new stake in shares of Columbus McKinnon in the second quarter valued at about $41,000. CWM LLC lifted its holdings in shares of Columbus McKinnon by 679.8% in the second quarter. CWM LLC now owns 1,817 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 1,584 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Columbus McKinnon in the second quarter valued at approximately $73,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Columbus McKinnon during the 2nd quarter worth approximately $106,000. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

Check Out Our Latest Stock Report on CMCO

Insider Transactions at Columbus McKinnon

In other news, CEO David J. Wilson bought 31,300 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $32.02 per share, with a total value 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.98% of the company’s stock.

Columbus McKinnon Stock Up 1.9 %

Shares of CMCO traded up $0.70 during trading on Monday, reaching $37.00. The company’s stock had a trading volume of 10,185 shares, compared to its average volume of 180,691. 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 Co. has a twelve month low of $29.26 and a twelve month high of $45.84. The company has a fifty day moving average of $33.35 and a two-hundred day moving average of $35.99. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 68.49 and a beta of 1.19.

Columbus McKinnon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a $0.07 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.28 annualized dividend and a dividend yield of 0.76%. Columbus McKinnon’s payout ratio is currently 52.83%.

Columbus McKinnon Company Profile

(Free Report)

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.

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