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

Polar Asset Management Partners Inc. lowered its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 62.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund 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 0.12% of Columbus McKinnon worth $1,242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in Columbus McKinnon by 6.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,384 shares of the industrial products company’s stock valued at $776,000 after acquiring an additional 995 shares during the last quarter. Tidal Investments LLC bought a new stake in Columbus McKinnon in the first quarter worth about $259,000. Comerica Bank boosted its position in shares of Columbus McKinnon by 214.3% during the first quarter. Comerica Bank now owns 12,262 shares of the industrial products company’s stock valued at $547,000 after buying an additional 8,361 shares during the period. CWM LLC grew its stake in shares of Columbus McKinnon by 679.8% during the second quarter. CWM LLC now owns 1,817 shares of the industrial products company’s stock valued at $63,000 after buying an additional 1,584 shares during the last quarter. Finally, Andina Capital Management LLC raised its holdings in shares of Columbus McKinnon by 3.7% in the second quarter. Andina Capital Management LLC now owns 8,671 shares of the industrial products company’s stock worth $300,000 after buying an additional 311 shares during the period. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Insider Transactions at Columbus McKinnon

In other news, Director Christopher J. Stephens purchased 1,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of $37.34 per share, for a total transaction of $37,340.00. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David J. Wilson acquired 31,300 shares of the company’s 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. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.98% of the company’s stock.

Columbus McKinnon Price Performance

Shares of CMCO stock opened at $39.65 on Friday. The stock has a 50 day moving average price of $35.58 and a 200 day moving average price of $35.38. The firm has a market capitalization of $1.14 billion, a P/E ratio of 74.81 and a beta of 1.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04. Columbus McKinnon Co. has a 52-week low of $29.26 and a 52-week high of $45.84.

Columbus McKinnon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.07 per share. 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%.

About Columbus McKinnon

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.