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

Hantz Financial Services Inc. reduced its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 77.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,994 shares of the industrial products company’s stock after selling 31,681 shares during the period. Hantz Financial Services Inc.’s holdings in Columbus McKinnon were worth $324,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCO. Boston Partners acquired a new stake in shares of Columbus McKinnon during the first quarter valued at $847,000. Vanguard Group Inc. lifted its holdings in Columbus McKinnon by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,557,371 shares of the industrial products company’s stock valued at $69,505,000 after purchasing an additional 16,174 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Columbus McKinnon by 31.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 58,444 shares of the industrial products company’s stock worth $2,104,000 after purchasing an additional 14,018 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Columbus McKinnon in the second quarter valued at approximately $35,540,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Columbus McKinnon by 250.3% during the second quarter. Renaissance Technologies LLC now owns 107,885 shares of the industrial products company’s stock valued at $3,726,000 after buying an additional 77,085 shares during the period. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Insider Activity at Columbus McKinnon

In related news, Director Christopher J. Stephens purchased 1,000 shares of the company’s stock in a transaction that occurred on 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 completion of 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David J. Wilson purchased 31,300 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was bought at an average price of $32.02 per share, for a total transaction of $1,002,226.00. Following the acquisition, the chief executive officer now owns 31,300 shares in the company, 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 Up 0.5 %

Shares of NASDAQ CMCO opened at $39.29 on Monday. The firm’s 50 day moving average price is $35.23 and its 200 day moving average price is $35.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04. The firm has a market cap of $1.13 billion, a P/E ratio of 74.13 and a beta of 1.19. Columbus McKinnon Co. has a 1 year low of $29.26 and a 1 year high of $45.84.

Columbus McKinnon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, November 8th. Columbus McKinnon’s dividend payout ratio is currently 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.