EntryPoint Capital LLC Takes Position in Columbus McKinnon Corporation $CMCO

Key Points

• EntryPoint Capital LLC has acquired a new stake in Columbus McKinnon Corporation, purchasing 27,326 shares valued at approximately $463,000.
• Columbus McKinnon reported earnings of $0.50 per share, surpassing estimates, with revenue of $235.92 million for the quarter.
• The company declared a quarterly dividend of $0.07, representing an annual yield of 2.0%, despite a dividend payout ratio of -51.85%.

EntryPoint Capital LLC bought a new stake in shares of Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 27,326 shares of the industrial products company's stock, valued at approximately $463,000. EntryPoint Capital LLC owned about 0.10% of Columbus McKinnon at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Hsbc Holdings PLC lifted its holdings in shares of Columbus McKinnon by 946.0% in the 1st quarter. Hsbc Holdings PLC now owns 56,758 shares of the industrial products company's stock worth $942,000 after acquiring an additional 51,332 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Columbus McKinnon by 2,466.5% in the 1st quarter. Quantbot Technologies LP now owns 69,707 shares of the industrial products company's stock valued at $1,180,000 after purchasing an additional 66,991 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Columbus McKinnon in the 1st quarter valued at $391,000. Nuveen LLC purchased a new stake in shares of Columbus McKinnon in the 1st quarter valued at $1,797,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Columbus McKinnon in the 1st quarter valued at $188,000. 95.96% of the stock is currently owned by institutional investors.

Columbus McKinnon Price Performance

Shares of Columbus McKinnon stock opened at $14.14 on Thursday. Columbus McKinnon Corporation has a 52-week low of $11.78 and a 52-week high of $41.05. The stock has a market capitalization of $406.24 million, a price-to-earnings ratio of -26.19 and a beta of 1.29. The company has a fifty day moving average of $15.16 and a 200-day moving average of $16.79. 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 announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. Equities research analysts expect that Columbus McKinnon Corporation will post 2.69 EPS for the current year.

Columbus McKinnon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 8th. Columbus McKinnon's dividend payout ratio (DPR) 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.

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