BNP Paribas Financial Markets Sells 15,546 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

BNP Paribas Financial Markets decreased its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 55.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,683 shares of the industrial products company’s stock after selling 15,546 shares during the period. BNP Paribas Financial Markets’ holdings in Columbus McKinnon were worth $457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMCO. Mascoma Wealth Management LLC bought a new position in shares of Columbus McKinnon during the third quarter valued at approximately $25,000. Quarry LP purchased a new stake in shares of Columbus McKinnon in the 2nd quarter worth about $39,000. Innealta Capital LLC bought a new stake in shares of Columbus McKinnon during the 2nd quarter valued at about $41,000. CWM LLC increased its position 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 period. Finally, nVerses Capital LLC bought a new position in Columbus McKinnon in the second quarter worth about $73,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Insiders Place Their Bets

In related news, CEO David J. Wilson acquired 31,300 shares of Columbus McKinnon stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $32.02 per share, with a total value of $1,002,226.00. Following the transaction, the chief executive officer now directly owns 31,300 shares in the company, valued at approximately $1,002,226. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher J. Stephens bought 1,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of $37.34 per share, for a total transaction of $37,340.00. Following the completion of the acquisition, the director now directly owns 6,014 shares of the company’s stock, valued at approximately $224,562.76. This represents a 19.94 % increase in their position. The disclosure for this purchase can be found here. 1.98% of the stock is owned by corporate insiders.

Columbus McKinnon Stock Performance

Columbus McKinnon stock opened at $38.90 on Friday. Columbus McKinnon Co. has a fifty-two week low of $29.26 and a fifty-two week high of $45.84. The stock’s 50 day simple moving average is $36.22 and its two-hundred day simple moving average is $35.19. 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 stock has a market cap of $1.12 billion, a price-to-earnings ratio of 73.40 and a beta of 1.23.

Columbus McKinnon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.28 annualized dividend and a yield of 0.72%. Columbus McKinnon’s payout ratio is 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.