Jane Street Group LLC Has $568,000 Stake in Columbus McKinnon Co. (NASDAQ:CMCO)

Jane Street Group LLC cut its holdings in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 47.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,773 shares of the industrial products company's stock after selling 14,186 shares during the quarter. Jane Street Group LLC owned about 0.05% of Columbus McKinnon worth $568,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Mascoma Wealth Management LLC acquired a new stake in shares of Columbus McKinnon in the 3rd quarter valued at about $25,000. Quarry LP acquired a new stake in Columbus McKinnon in the 2nd quarter valued at approximately $39,000. Point72 DIFC Ltd bought a new stake in Columbus McKinnon in the 2nd quarter valued at approximately $106,000. Palouse Capital Management Inc. acquired a new position in Columbus McKinnon during the 3rd quarter worth approximately $144,000. Finally, Millburn Ridgefield Corp bought a new position in shares of Columbus McKinnon during the 3rd quarter worth approximately $155,000. 95.96% of the stock is owned by institutional investors.

Insider Transactions at Columbus McKinnon

In related news, Director Christopher J. Stephens acquired 1,000 shares of the company's stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of $37.34 per share, for a total transaction of $37,340.00. Following the purchase, the director now directly owns 6,014 shares in the company, valued at approximately $224,562.76. This trade represents a 19.94 % increase in their position. The transaction 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 firm's stock in a transaction that occurred on Friday, November 1st. The stock was 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 $1,002,226. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.98% of the company's stock.

Columbus McKinnon Stock Down 0.4 %

Shares of CMCO stock traded down $0.16 during trading on Friday, reaching $36.78. The company's stock had a trading volume of 122,933 shares, compared to its average volume of 145,266. Columbus McKinnon Co. has a one year low of $29.26 and a one year high of $45.84. The business has a fifty day moving average price of $37.16 and a 200-day moving average price of $35.17. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 69.40 and a beta of 1.24. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.28 annualized dividend and a yield of 0.76%. Columbus McKinnon's dividend payout ratio (DPR) is presently 52.83%.

Columbus McKinnon Company 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.