Polar Asset Management Partners Inc. Sells 57,800 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Polar Asset Management Partners Inc. decreased its position in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 62.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 34,500 shares of the industrial products company's stock after selling 57,800 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.12% of Columbus McKinnon worth $1,242,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp bought a new position in Columbus McKinnon during the third quarter worth about $155,000. Paloma Partners Management Co bought a new position in Columbus McKinnon in the 3rd quarter worth approximately $323,000. Verition Fund Management LLC grew its stake in Columbus McKinnon by 72.8% in the 3rd quarter. Verition Fund Management LLC now owns 20,693 shares of the industrial products company's stock valued at $745,000 after buying an additional 8,717 shares in the last quarter. Walleye Capital LLC bought a new stake in Columbus McKinnon during the 3rd quarter valued at $1,738,000. Finally, Fisher Asset Management LLC lifted its position in shares of Columbus McKinnon by 14.9% during the third quarter. Fisher Asset Management LLC now owns 236,373 shares of the industrial products company's stock worth $8,509,000 after acquiring an additional 30,667 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company's stock.

Insider Transactions at Columbus McKinnon

In related news, Director Christopher J. Stephens bought 1,000 shares of the 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 purchase, the director now directly 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 filing with the SEC, which is available through this hyperlink. Also, CEO David J. Wilson bought 31,300 shares of Columbus McKinnon stock in a transaction that occurred on Friday, November 1st. The stock was purchased 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. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.98% of the company's stock.

Columbus McKinnon Stock Performance

Shares of NASDAQ CMCO traded up $0.06 during mid-day trading on Friday, hitting $39.71. The company had a trading volume of 271,403 shares, compared to its average volume of 186,257. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. Columbus McKinnon Co. has a 1 year low of $29.26 and a 1 year high of $45.84. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 75.09 and a beta of 1.23. The stock's 50-day moving average price is $35.67 and its 200-day moving average price is $35.41.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Friday, November 8th. Columbus McKinnon's dividend payout ratio is presently 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.