Dean Capital Management Purchases 33,741 Shares of Columbus McKinnon Corporation $CMCO

Key Points

• Dean Capital Management increased its holdings in Columbus McKinnon Corporation by 65.0%, owning 85,617 shares valued at approximately $1.45 million.
• Columbus McKinnon reported earnings per share of $0.50, exceeding the consensus estimate of $0.47, with revenue also surpassing expectations at $235.92 million.
• The company announced a quarterly dividend of $0.07 per share, representing an annualized yield of 1.9%, despite a negative dividend payout ratio of -51.85%.

Dean Capital Management raised its holdings in Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 65.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,617 shares of the industrial products company's stock after buying an additional 33,741 shares during the quarter. Dean Capital Management owned 0.30% of Columbus McKinnon worth $1,449,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Signaturefd LLC boosted its stake in shares of Columbus McKinnon by 743.4% in the 1st quarter. Signaturefd LLC now owns 2,429 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 2,141 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Columbus McKinnon by 3,784.1% in the 1st quarter. Versant Capital Management Inc now owns 2,447 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 2,384 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of Columbus McKinnon in the 1st quarter valued at $47,000. High Note Wealth LLC acquired a new stake in shares of Columbus McKinnon in the 1st quarter valued at $48,000. Finally, CWM LLC boosted its stake in shares of Columbus McKinnon by 79.2% in the 1st quarter. CWM LLC now owns 3,422 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 1,512 shares in the last quarter. Institutional investors own 95.96% of the company's stock.

Columbus McKinnon Price Performance

Shares of NASDAQ:CMCO traded up $0.38 on Thursday, hitting $14.89. The stock had a trading volume of 213,192 shares, compared to its average volume of 300,113. Columbus McKinnon Corporation has a twelve month low of $11.78 and a twelve month high of $41.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.01 and a current ratio of 1.85. The firm's 50 day moving average price is $15.06 and its 200-day moving average price is $15.60. The company has a market capitalization of $427.79 million, a price-to-earnings ratio of -27.57 and a beta of 1.28.

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

Columbus McKinnon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were given a dividend of $0.07 per share. The ex-dividend date was Friday, August 8th. This represents a $0.28 annualized dividend and a yield of 1.9%. Columbus McKinnon's dividend payout ratio is -51.85%.

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.