Dynamic Technology Lab Private Ltd Buys New Stake 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 bought a new stake in shares of Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 29,225 shares of the industrial products company's stock, valued at approximately $495,000. Dynamic Technology Lab Private Ltd owned 0.10% of Columbus McKinnon as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Front Street Capital Management Inc. raised its holdings in shares of Columbus McKinnon by 249.3% during the 1st quarter. Front Street Capital Management Inc. now owns 191,361 shares of the industrial products company's stock valued at $3,240,000 after purchasing an additional 136,573 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Columbus McKinnon by 24.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 780,806 shares of the industrial products company's stock worth $13,219,000 after acquiring an additional 154,163 shares during the period. Granahan Investment Management LLC raised its holdings 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 raised its holdings 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. Finally, Nantahala Capital Management LLC bought a new position in Columbus McKinnon in the 1st quarter worth $3,386,000. Institutional investors own 95.96% of the company's stock.

Columbus McKinnon Stock Performance

CMCO traded up $0.04 during trading on Tuesday, hitting $14.83. The stock had a trading volume of 212,897 shares, compared to its average volume of 297,140. The company has a 50 day simple moving average of $14.98 and a 200-day simple moving average of $15.52. Columbus McKinnon Corporation has a 12 month low of $11.78 and a 12 month high of $41.05. The company has a current ratio of 1.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.46. The firm has a market cap of $426.07 million, a PE ratio of -27.46 and a beta of 1.28.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last posted its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $230.88 million. Analysts expect that Columbus McKinnon Corporation will post 2.69 EPS for the current year.

Columbus McKinnon Announces Dividend

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