Jane Street Group LLC Sells 14,186 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Jane Street Group LLC trimmed its position in Columbus McKinnon Co. (NASDAQ:CMCO) by 47.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,773 shares of the industrial products company’s stock after selling 14,186 shares during the period. Jane Street Group LLC owned approximately 0.05% of Columbus McKinnon worth $568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMCO. The Manufacturers Life Insurance Company boosted its stake in shares of Columbus McKinnon by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the industrial products company’s stock worth $505,000 after buying an additional 646 shares during the last quarter. Mascoma Wealth Management LLC bought a new position in shares of Columbus McKinnon in the third quarter valued at approximately $25,000. Rhumbline Advisers grew its holdings in shares of Columbus McKinnon by 2.0% in the second quarter. Rhumbline Advisers now owns 47,162 shares of the industrial products company’s stock valued at $1,629,000 after acquiring an additional 911 shares in the last quarter. Providence Capital Advisors LLC grew its holdings in shares of Columbus McKinnon by 0.8% in the second quarter. Providence Capital Advisors LLC now owns 112,595 shares of the industrial products company’s stock valued at $3,889,000 after acquiring an additional 941 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Columbus McKinnon in the second quarter valued at approximately $39,000. 95.96% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO David J. Wilson acquired 31,300 shares of Columbus McKinnon stock in a transaction on Friday, November 1st. The stock was acquired at an average cost of $32.02 per share, with a total value of $1,002,226.00. Following the completion of the acquisition, the chief executive officer now owns 31,300 shares in the company, valued at approximately $1,002,226. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher J. Stephens acquired 1,000 shares of Columbus McKinnon stock in a transaction on Thursday, November 14th. The shares were purchased at an average cost of $37.34 per share, with a total value of $37,340.00. Following the completion of the acquisition, the director now 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 disclosure for this purchase can be found here. 1.98% of the stock is currently owned by corporate insiders.

Columbus McKinnon Stock Performance

CMCO stock opened at $36.78 on Friday. The firm has a market cap of $1.06 billion, a PE ratio of 69.40 and a beta of 1.24. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $37.16 and a 200-day moving average of $35.17. Columbus McKinnon Co. has a 12-month low of $29.26 and a 12-month high of $45.84.

Columbus McKinnon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, November 8th. Columbus McKinnon’s dividend payout ratio is presently 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.