GSA Capital Partners LLP Purchases Shares of 49,188 Columbus McKinnon Corporation (NASDAQ:CMCO)

GSA Capital Partners LLP acquired a new stake in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 49,188 shares of the industrial products company’s stock, valued at approximately $833,000. GSA Capital Partners LLP owned about 0.17% of Columbus McKinnon at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. boosted its position in Columbus McKinnon by 37.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 975,355 shares of the industrial products company’s stock valued at $16,513,000 after buying an additional 266,020 shares during the period. Invesco Ltd. raised its stake in shares of Columbus McKinnon by 207.9% during the fourth quarter. Invesco Ltd. now owns 455,210 shares of the industrial products company’s stock valued at $16,952,000 after acquiring an additional 307,355 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Columbus McKinnon by 3,033.1% during the first quarter. GAMMA Investing LLC now owns 3,979 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 3,852 shares during the period. Legato Capital Management LLC grew its stake in shares of Columbus McKinnon by 38.7% in the first quarter. Legato Capital Management LLC now owns 75,322 shares of the industrial products company’s stock worth $1,275,000 after purchasing an additional 21,028 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Columbus McKinnon during the 4th quarter valued at about $14,799,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Columbus McKinnon Trading Down 3.7%

NASDAQ CMCO opened at $14.11 on Friday. The stock has a market cap of $405.38 million, a P/E ratio of -26.13 and a beta of 1.30. Columbus McKinnon Corporation has a fifty-two week low of $11.78 and a fifty-two week high of $41.05. The stock has a 50 day simple moving average of $15.50 and a two-hundred day simple moving average of $18.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.85.

Columbus McKinnon (NASDAQ:CMCO) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $235.92 million during the quarter, compared to the consensus estimate of $230.88 million. Columbus McKinnon had a positive return on equity of 7.62% and a negative net margin of 1.63%. On average, analysts forecast that Columbus McKinnon Corporation will post 2.69 earnings per share for the current year.

Columbus McKinnon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.0%. Columbus McKinnon’s payout ratio is presently -164.71%.

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.