Hantz Financial Services Inc. Reduces Stock Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Hantz Financial Services Inc. lessened its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 77.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,994 shares of the industrial products company's stock after selling 31,681 shares during the quarter. Hantz Financial Services Inc.'s holdings in Columbus McKinnon were worth $324,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC acquired a new position in Columbus McKinnon during the 3rd quarter valued at about $25,000. Quarry LP bought a new position in Columbus McKinnon during the second quarter valued at about $39,000. Innealta Capital LLC bought a new stake in shares of Columbus McKinnon in the 2nd quarter valued at approximately $41,000. CWM LLC grew its position in Columbus McKinnon by 679.8% during the 2nd quarter. CWM LLC now owns 1,817 shares of the industrial products company's stock worth $63,000 after acquiring an additional 1,584 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Columbus McKinnon in the second quarter valued at about $73,000. Institutional investors and hedge funds own 95.96% of the company's stock.

Insider Activity

In other Columbus McKinnon news, Director Christopher J. Stephens purchased 1,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was purchased at an average price 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 approximately $224,562.76. This trade represents a 19.94 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David J. Wilson bought 31,300 shares of the company's stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $32.02 per share, for a total transaction of $1,002,226.00. Following the completion of the transaction, the chief executive officer now directly owns 31,300 shares in the company, valued at approximately $1,002,226. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.98% of the company's stock.

Columbus McKinnon Stock Down 0.5 %

Shares of Columbus McKinnon stock traded down $0.19 on Monday, hitting $39.10. The company had a trading volume of 188,142 shares, compared to its average volume of 184,829. The firm has a market capitalization of $1.12 billion, a P/E ratio of 74.13 and a beta of 1.19. 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 Co. has a twelve month low of $29.26 and a twelve month high of $45.84. The stock has a 50-day moving average of $35.23 and a 200-day moving average of $35.43.

Columbus McKinnon Announces Dividend

The firm also recently announced 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 of this dividend was Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a yield of 0.72%. Columbus McKinnon's payout ratio is currently 52.83%.

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.