Columbus McKinnon Corporation $CMCO Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Columbus McKinnon Corporation by 24.6% during Q1, owning approximately 780,806 shares worth $13.22 million.
• Columbus McKinnon reported $0.50 EPS for the last quarter, exceeding estimates, and generated revenues of $235.92 million, which also surpassed expectations.
• The company recently declared a quarterly dividend of $0.07, with an annualized yield of 1.9%, despite a negative net margin of -1.63%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 24.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 780,806 shares of the industrial products company's stock after purchasing an additional 154,163 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 2.73% of Columbus McKinnon worth $13,219,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CMCO. Granahan Investment Management LLC grew its stake in Columbus McKinnon by 11.5% in the 1st quarter. Granahan Investment Management LLC now owns 316,856 shares of the industrial products company's stock worth $5,364,000 after acquiring an additional 32,584 shares during the period. AQR Capital Management LLC grew its stake in Columbus McKinnon by 32.4% in the 1st quarter. AQR Capital Management LLC now owns 123,498 shares of the industrial products company's stock worth $2,091,000 after acquiring an additional 30,255 shares during the period. Nantahala Capital Management LLC purchased a new stake in Columbus McKinnon in the 1st quarter worth approximately $3,386,000. Cubist Systematic Strategies LLC purchased a new stake in Columbus McKinnon in the 1st quarter worth approximately $961,000. Finally, Graham Capital Management L.P. grew its stake in Columbus McKinnon by 309.6% in the 1st quarter. Graham Capital Management L.P. now owns 45,254 shares of the industrial products company's stock worth $766,000 after acquiring an additional 34,206 shares during the period. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Columbus McKinnon Trading Down 3.0%

Shares of NASDAQ CMCO traded down $0.45 during trading on Friday, hitting $14.44. 196,209 shares of the company traded hands, compared to its average volume of 295,463. Columbus McKinnon Corporation has a 1 year low of $11.78 and a 1 year high of $41.05. The company has a 50-day moving average price of $15.02 and a 200-day moving average price of $15.55. The firm has a market capitalization of $414.86 million, a P/E ratio of -26.74 and a beta of 1.28. The company has a quick ratio of 1.01, a current ratio of 1.85 and a debt-to-equity ratio of 0.46.

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

Columbus McKinnon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were issued a $0.07 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.28 dividend on an annualized basis and a yield of 1.9%. Columbus McKinnon's payout ratio is currently -51.85%.

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.