Dynamic Technology Lab Private Ltd Takes Position in Columbus McKinnon Corporation $CMCO

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake in Columbus McKinnon Corporation, purchasing 29,225 shares valued at approximately $495,000.
• Columbus McKinnon recently reported earnings of $0.50 per share for the quarter, beating analysts' expectations of $0.47.
• The company declared a quarterly dividend of $0.07 per share, which represents an annualized yield of 1.9%.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 29,225 shares of the industrial products company's stock, valued at approximately $495,000. Dynamic Technology Lab Private Ltd owned approximately 0.10% of Columbus McKinnon as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC raised its stake in Columbus McKinnon by 743.4% in the first quarter. Signaturefd LLC now owns 2,429 shares of the industrial products company's stock worth $41,000 after buying an additional 2,141 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Columbus McKinnon by 3,784.1% during the 1st quarter. Versant Capital Management Inc now owns 2,447 shares of the industrial products company's stock worth $41,000 after purchasing an additional 2,384 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of Columbus McKinnon during the 1st quarter worth $47,000. High Note Wealth LLC bought a new stake in Columbus McKinnon during the first quarter valued at about $48,000. Finally, CWM LLC grew its stake in Columbus McKinnon by 79.2% in the first 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 during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Columbus McKinnon Stock Performance

Shares of Columbus McKinnon stock opened at $14.51 on Thursday. The company has a market capitalization of $416.87 million, a PE ratio of -26.87 and a beta of 1.28. The company has a 50-day simple moving average of $15.09 and a two-hundred day simple moving average of $15.63. Columbus McKinnon Corporation has a one year low of $11.78 and a one year 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.

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

Columbus McKinnon Announces Dividend

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

Want to see what other hedge funds are holding CMCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.