Jump Financial LLC Acquires 80,757 Shares of Columbus McKinnon Corporation $CMCO

Key Points

• Jump Financial LLC significantly increased its holdings in Columbus McKinnon Corporation by acquiring 80,757 shares, bringing its total ownership to approximately 88,185 shares valued at $1.49 million.
• The company announced a quarterly dividend of $0.07 per share, representing an annualized yield of 1.8% and a payout ratio of -51.85%.
• Columbus McKinnon reported a net revenue of $235.92 million in its last quarter, surpassing analyst expectations, with earnings per share of $0.50.

Jump Financial LLC boosted its position in shares of Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 1,087.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,185 shares of the industrial products company's stock after buying an additional 80,757 shares during the quarter. Jump Financial LLC owned 0.31% of Columbus McKinnon worth $1,493,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Invesco Ltd. increased its stake in Columbus McKinnon by 177.5% in the 1st quarter. Invesco Ltd. now owns 1,263,320 shares of the industrial products company's stock worth $21,388,000 after purchasing an additional 808,110 shares in the last quarter. Heartland Advisors Inc. increased its stake in Columbus McKinnon by 477.4% in the 1st quarter. Heartland Advisors Inc. now owns 577,375 shares of the industrial products company's stock worth $9,775,000 after purchasing an additional 477,375 shares in the last quarter. Bernzott Capital Advisors increased its stake in Columbus McKinnon by 315.0% in the 1st quarter. Bernzott Capital Advisors now owns 419,670 shares of the industrial products company's stock worth $7,105,000 after purchasing an additional 318,537 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Columbus McKinnon in the 1st quarter worth about $4,877,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Columbus McKinnon by 37.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 975,355 shares of the industrial products company's stock worth $16,513,000 after purchasing an additional 266,020 shares in the last quarter. Institutional investors own 95.96% of the company's stock.

Columbus McKinnon Stock Down 0.7%

Shares of Columbus McKinnon stock traded down $0.11 during trading on Tuesday, hitting $14.88. 153,311 shares of the stock traded hands, compared to its average volume of 494,704. The stock has a market cap of $427.36 million, a P/E ratio of -27.51 and a beta of 1.28. 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 Corporation has a twelve month low of $11.78 and a twelve month high of $41.05. The company has a fifty day moving average price of $15.18 and a two-hundred day moving average price of $15.83.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.50 EPS for the quarter, topping 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 company had revenue of $235.92 million for the quarter, compared to the consensus estimate of $230.88 million. Equities research analysts predict that Columbus McKinnon Corporation will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.28 annualized dividend and a yield of 1.9%. Columbus McKinnon's dividend 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.