Walleye Capital LLC Takes $1.74 Million Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Walleye Capital LLC purchased a new stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 48,280 shares of the industrial products company's stock, valued at approximately $1,738,000. Walleye Capital LLC owned 0.17% of Columbus McKinnon as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CMCO. Dimensional Fund Advisors LP lifted its stake in shares of Columbus McKinnon by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,890,999 shares of the industrial products company's stock worth $65,315,000 after acquiring an additional 7,465 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Columbus McKinnon in the 2nd quarter worth $35,540,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Columbus McKinnon by 0.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 964,234 shares of the industrial products company's stock valued at $33,305,000 after buying an additional 3,200 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Columbus McKinnon by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 390,745 shares of the industrial products company's stock worth $14,067,000 after acquiring an additional 18,802 shares during the period. Finally, Segall Bryant & Hamill LLC raised its position in Columbus McKinnon by 16.8% in the third quarter. Segall Bryant & Hamill LLC now owns 373,893 shares of the industrial products company's stock worth $13,460,000 after acquiring an additional 53,825 shares in the last quarter. Institutional investors own 95.96% of the company's stock.

Insider Activity

In other news, CEO David J. Wilson bought 31,300 shares of the business's stock in a transaction on Friday, November 1st. The shares were bought at an average cost of $32.02 per share, with a total value of $1,002,226.00. Following the purchase, the chief executive officer now directly owns 31,300 shares in the company, valued at $1,002,226. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher J. Stephens bought 1,000 shares of the firm's stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of $37.34 per share, with a total value of $37,340.00. Following the transaction, the director now 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 disclosure for this purchase can be found here. Insiders own 1.98% of the company's stock.

Columbus McKinnon Price Performance

Shares of NASDAQ:CMCO traded up $0.03 during trading hours on Thursday, hitting $39.60. 102,358 shares of the company's stock traded hands, compared to its average volume of 185,026. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04. The company's fifty day simple moving average is $35.58 and its two-hundred day simple moving average is $35.38. Columbus McKinnon Co. has a 52 week low of $29.26 and a 52 week high of $45.84. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 74.66 and a beta of 1.23.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a $0.07 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.28 annualized dividend and a dividend yield of 0.71%. Columbus McKinnon's dividend payout ratio is currently 52.83%.

About Columbus McKinnon

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.