Bernzott Capital Advisors Purchases New Stake in Columbus McKinnon Co. (NASDAQ:CMCO)

Bernzott Capital Advisors bought a new stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 101,133 shares of the industrial products company's stock, valued at approximately $3,766,000. Bernzott Capital Advisors owned 0.35% of Columbus McKinnon as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCO. Mascoma Wealth Management LLC acquired a new position in shares of Columbus McKinnon during the third quarter valued at $25,000. Quarry LP acquired a new position in Columbus McKinnon during the 2nd quarter valued at about $39,000. Point72 DIFC Ltd bought a new stake in shares of Columbus McKinnon during the 2nd quarter worth about $106,000. Palouse Capital Management Inc. acquired a new stake in shares of Columbus McKinnon in the 3rd quarter worth approximately $144,000. Finally, Millburn Ridgefield Corp bought a new position in shares of Columbus McKinnon in the third quarter valued at approximately $155,000. Institutional investors own 95.96% of the company's stock.

Columbus McKinnon Price Performance

Columbus McKinnon stock traded up $0.25 during midday trading on Friday, hitting $36.30. The company's stock had a trading volume of 129,392 shares, compared to its average volume of 145,208. Columbus McKinnon Co. has a 12 month low of $29.26 and a 12 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. The stock's 50-day moving average price is $37.57 and its 200-day moving average price is $35.20. The company has a market capitalization of $1.04 billion, a PE ratio of 68.49 and a beta of 1.24.

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 dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.77%. The ex-dividend date was Friday, November 8th. Columbus McKinnon's dividend payout ratio is presently 52.83%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Thursday.

Insider Buying and Selling

In related news, Director Christopher J. Stephens purchased 1,000 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average price of $37.34 per share, with a total value of $37,340.00. Following the purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David J. Wilson acquired 31,300 shares of Columbus McKinnon stock in a transaction on Friday, November 1st. The shares were purchased at an average cost 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 approximately $1,002,226. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 1.98% of the stock is currently owned by insiders.

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.