Andina Capital Management LLC Reduces Stock Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

Andina Capital Management LLC lessened its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 20.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,163 shares of the industrial products company’s stock after selling 1,809 shares during the period. Andina Capital Management LLC’s holdings in Columbus McKinnon were worth $267,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Columbus McKinnon by 1,006.0% in 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 acquiring an additional 307,824 shares during the period. Harbor Capital Advisors Inc. raised its position in Columbus McKinnon by 152.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 234,124 shares of the industrial products company’s stock worth $8,428,000 after purchasing an additional 141,502 shares during the period. Millennium Management LLC lifted its stake in Columbus McKinnon by 120.3% in the second quarter. Millennium Management LLC now owns 199,726 shares of the industrial products company’s stock worth $6,899,000 after purchasing an additional 109,075 shares during the last quarter. Bernzott Capital Advisors purchased a new position in shares of Columbus McKinnon during the fourth quarter valued at approximately $3,766,000. Finally, Systematic Financial Management LP raised its holdings in shares of Columbus McKinnon by 12.0% in the third quarter. Systematic Financial Management LP now owns 782,274 shares of the industrial products company’s stock worth $28,162,000 after buying an additional 83,610 shares during the period. 95.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Friday.

Columbus McKinnon Stock Performance

Shares of NASDAQ:CMCO opened at $37.39 on Friday. The firm’s 50 day simple moving average is $37.55 and its 200-day simple moving average is $35.37. 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 one year low of $29.26 and a one year high of $45.84. The firm has a market cap of $1.07 billion, a PE ratio of 70.55 and a beta of 1.24.

Columbus McKinnon Announces Dividend

The firm 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 0.75%. The ex-dividend date of this dividend is Friday, February 7th. Columbus McKinnon’s dividend payout ratio (DPR) is 52.83%.

Insider Activity

In related news, Director Christopher J. Stephens bought 1,000 shares of the business’s stock in a transaction on 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 completion of the purchase, the director now directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David J. Wilson purchased 31,300 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were purchased at an average cost of $32.02 per share, with a total value of $1,002,226.00. Following the completion of the transaction, the chief executive officer now owns 31,300 shares of the company’s stock, valued at approximately $1,002,226. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 1.98% of the company’s stock.

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.