Systematic Financial Management LP Buys 83,610 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Systematic Financial Management LP lifted its position in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 12.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 782,274 shares of the industrial products company's stock after acquiring an additional 83,610 shares during the quarter. Systematic Financial Management LP owned approximately 2.73% of Columbus McKinnon worth $28,162,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Mascoma Wealth Management LLC acquired a new position in Columbus McKinnon in the 3rd quarter valued at approximately $25,000. Quarry LP acquired a new position in Columbus McKinnon in the 2nd quarter valued at approximately $39,000. Innealta Capital LLC acquired a new position in Columbus McKinnon in the 2nd quarter valued at approximately $41,000. CWM LLC increased its stake in Columbus McKinnon by 679.8% in the 2nd quarter. CWM LLC now owns 1,817 shares of the industrial products company's stock valued at $63,000 after buying an additional 1,584 shares during the period. Finally, nVerses Capital LLC acquired a new position in Columbus McKinnon in the 2nd quarter valued at approximately $73,000. Hedge funds and other institutional investors own 95.96% of the company's stock.

Columbus McKinnon Stock Up 0.2 %

Columbus McKinnon stock traded up $0.08 during trading hours on Thursday, hitting $39.65. The company had a trading volume of 286,653 shares, compared to its average volume of 185,464. The firm's fifty day moving average is $35.58 and its 200-day moving average is $35.38. Columbus McKinnon Co. has a fifty-two week low of $29.26 and a fifty-two week high of $45.84. The firm has a market capitalization of $1.14 billion, a P/E ratio of 74.66 and a beta of 1.23. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.07 per share. 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 (DPR) is 52.83%.

Insider Transactions at Columbus McKinnon

In other news, CEO David J. Wilson bought 31,300 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of $32.02 per share, for a total transaction of $1,002,226.00. Following the purchase, the chief executive officer now owns 31,300 shares of the company's stock, valued at $1,002,226. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher J. Stephens bought 1,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of $37.34 per share, for a total transaction of $37,340.00. Following the completion of the purchase, the director now directly owns 6,014 shares in the company, valued at $224,562.76. The trade was a 19.94 % 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 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.