Granahan Investment Management LLC Has $5.36 Million Stock Holdings in Columbus McKinnon Corporation $CMCO

Key Points

• Granahan Investment Management LLC increased its stake in Columbus McKinnon Corporation by 11.5% to 316,856 shares, valued at approximately $5.36 million.
• Other institutional investors like Signaturefd LLC and Versant Capital Management Inc made significant increases in their stakes, with increases of 743.4% and 3,784.1%, respectively, in Q1.
• Columbus McKinnon reported earnings of $0.50 per share for the last quarter, exceeding analysts’ expectations, and announced a quarterly dividend of $0.07 with a yield of 1.9%.

Granahan Investment Management LLC lifted its holdings in shares of Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,856 shares of the industrial products company's stock after buying an additional 32,584 shares during the quarter. Granahan Investment Management LLC owned about 1.11% of Columbus McKinnon worth $5,364,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CMCO. Invesco Ltd. grew its position in shares of Columbus McKinnon by 177.5% during the 1st quarter. Invesco Ltd. now owns 1,263,320 shares of the industrial products company's stock worth $21,388,000 after buying an additional 808,110 shares during the period. Heartland Advisors Inc. lifted its stake in Columbus McKinnon by 477.4% in the first quarter. Heartland Advisors Inc. now owns 577,375 shares of the industrial products company's stock valued at $9,775,000 after buying an additional 477,375 shares during the period. Palogic Value Management L.P. lifted its stake in Columbus McKinnon by 514.8% in the first quarter. Palogic Value Management L.P. now owns 501,585 shares of the industrial products company's stock valued at $8,492,000 after buying an additional 420,000 shares during the period. Bernzott Capital Advisors lifted its stake in Columbus McKinnon by 315.0% in the first quarter. Bernzott Capital Advisors now owns 419,670 shares of the industrial products company's stock valued at $7,105,000 after buying an additional 318,537 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Columbus McKinnon in the first quarter valued at about $4,877,000. Institutional investors and hedge funds own 95.96% of the company's stock.

Columbus McKinnon Trading Down 3.5%

NASDAQ:CMCO traded down $0.52 during mid-day trading on Tuesday, hitting $14.39. The company had a trading volume of 180,040 shares, compared to its average volume of 491,801. Columbus McKinnon Corporation has a fifty-two week low of $11.78 and a fifty-two week high of $41.05. The business's fifty day moving average is $15.15 and its two-hundred day moving average is $15.64. 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 has a market cap of $413.35 million, a P/E ratio of -26.65 and a beta of 1.28.

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