New Age Alpha Advisors LLC Acquires Shares of 3,530 Columbia Sportswear (NASDAQ:COLM)

New Age Alpha Advisors LLC acquired a new stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 3,530 shares of the textile maker's stock, valued at approximately $296,000.

A number of other large investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its stake in Columbia Sportswear by 184.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after buying an additional 194 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Columbia Sportswear by 43.2% in the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock worth $50,000 after acquiring an additional 181 shares during the period. Signaturefd LLC grew its position in shares of Columbia Sportswear by 18.4% during the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after purchasing an additional 142 shares in the last quarter. Blue Trust Inc. raised its stake in Columbia Sportswear by 33.6% during the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock valued at $78,000 after purchasing an additional 237 shares during the period. Finally, KBC Group NV lifted its holdings in Columbia Sportswear by 26.8% in the 4th quarter. KBC Group NV now owns 1,975 shares of the textile maker's stock worth $166,000 after purchasing an additional 418 shares in the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Ronald E. Nelson sold 6,395 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total value of $522,727.30. Following the completion of the sale, the director now directly owns 17,048 shares in the company, valued at $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the transaction, the executive vice president now owns 14,283 shares in the company, valued at $1,319,177.88. This trade represents a 21.88 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by company insiders.

Columbia Sportswear Stock Performance

NASDAQ:COLM traded up $1.65 during trading hours on Friday, reaching $68.84. The stock had a trading volume of 2,430,143 shares, compared to its average volume of 530,807. The stock has a market capitalization of $3.81 billion, a PE ratio of 17.79, a PEG ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a 52 week low of $64.85 and a 52 week high of $92.88. The company has a 50 day moving average price of $82.29 and a two-hundred day moving average price of $83.26.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. Equities research analysts predict that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Monday, March 10th. Columbia Sportswear's payout ratio is 31.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.