Jane Street Group LLC Sells 14,186 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Jane Street Group LLC reduced its stake in Columbus McKinnon Co. (NASDAQ:CMCO) by 47.4% in the third quarter, Holdings Channel.com reports. The fund owned 15,773 shares of the industrial products company’s stock after selling 14,186 shares during the period. Jane Street Group LLC’s holdings in Columbus McKinnon were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Mascoma Wealth Management LLC bought a new position in shares of Columbus McKinnon in the third quarter worth $25,000. Quarry LP bought a new position in shares of Columbus McKinnon in the second quarter worth $39,000. Point72 DIFC Ltd bought a new position in shares of Columbus McKinnon in the second quarter worth $106,000. Palouse Capital Management Inc. bought a new position in shares of Columbus McKinnon in the third quarter worth $144,000. Finally, Millburn Ridgefield Corp purchased a new stake in shares of Columbus McKinnon in the third quarter worth $155,000. 95.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO David J. Wilson purchased 31,300 shares of the stock in a transaction on Friday, November 1st. The shares were acquired at an average price of $32.02 per share, for a total transaction of $1,002,226.00. Following the completion of the transaction, the chief executive officer now directly owns 31,300 shares of the company’s stock, valued at approximately $1,002,226. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher J. Stephens purchased 1,000 shares of the stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of $37.34 per share, for a total transaction of $37,340.00. Following the transaction, the director now directly owns 6,014 shares of the company’s stock, valued at approximately $224,562.76. This represents a 19.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.98% of the stock is currently owned by company insiders.

Columbus McKinnon Trading Down 0.4 %

Shares of CMCO stock opened at $36.78 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04. Columbus McKinnon Co. has a 52-week low of $29.26 and a 52-week high of $45.84. The company has a market capitalization of $1.06 billion, a PE ratio of 69.40 and a beta of 1.24. The business’s fifty day moving average is $37.16 and its 200 day moving average is $35.17.

Columbus McKinnon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.76%. Columbus McKinnon’s dividend payout ratio (DPR) is presently 52.83%.

Columbus McKinnon Company 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.