Oak Family Advisors LLC Sells 22,022 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Oak Family Advisors LLC lessened its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 78.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,042 shares of the industrial products company's stock after selling 22,022 shares during the quarter. Oak Family Advisors LLC's holdings in Columbus McKinnon were worth $225,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in Columbus McKinnon by 1,006.0% during the third quarter. Victory Capital Management Inc. now owns 338,424 shares of the industrial products company's stock valued at $12,183,000 after purchasing an additional 307,824 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Columbus McKinnon by 152.8% during the third quarter. Harbor Capital Advisors Inc. now owns 234,124 shares of the industrial products company's stock worth $8,428,000 after acquiring an additional 141,502 shares in the last quarter. Millennium Management LLC boosted its position in Columbus McKinnon by 120.3% during the second quarter. Millennium Management LLC now owns 199,726 shares of the industrial products company's stock valued at $6,899,000 after purchasing an additional 109,075 shares during the last quarter. Bernzott Capital Advisors acquired a new position in Columbus McKinnon in the 4th quarter worth about $3,766,000. Finally, Systematic Financial Management LP increased its position in Columbus McKinnon by 12.0% in the 3rd quarter. Systematic Financial Management LP now owns 782,274 shares of the industrial products company's stock worth $28,162,000 after purchasing an additional 83,610 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Insider Activity

In other news, Director Christopher J. Stephens bought 1,000 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average cost of $37.34 per share, with a total value of $37,340.00. Following the completion of the transaction, the director now directly owns 6,014 shares in the company, valued at $224,562.76. This 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 is accessible through this hyperlink. 1.98% of the stock is currently owned by company insiders.

Columbus McKinnon Stock Performance

Shares of CMCO stock traded down $0.60 during trading on Wednesday, reaching $34.82. The company had a trading volume of 141,788 shares, compared to its average volume of 174,021. The firm's 50 day simple moving average is $37.35 and its two-hundred day simple moving average is $35.40. 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 one year low of $29.26 and a one year high of $45.84. The company has a market capitalization of $998.99 million, a PE ratio of 65.70 and a beta of 1.22.

Columbus McKinnon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, February 7th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Friday, February 7th. Columbus McKinnon's dividend payout ratio is 52.83%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Columbus McKinnon from a "buy" rating to a "hold" rating in a research note on Saturday.

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.