EntryPoint Capital LLC Invests $463,000 in Columbus McKinnon Corporation $CMCO

EntryPoint Capital LLC bought a new position in Columbus McKinnon Corporation (NASDAQ:CMCO) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 27,326 shares of the industrial products company’s stock, valued at approximately $463,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC lifted its position in Columbus McKinnon by 810.0% during the 4th quarter. Sterling Capital Management LLC now owns 910 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 810 shares during the period. Signaturefd LLC lifted its position in Columbus McKinnon by 743.4% during the 1st quarter. Signaturefd LLC now owns 2,429 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 2,141 shares during the period. Versant Capital Management Inc lifted its position in Columbus McKinnon by 3,784.1% during the 1st quarter. Versant Capital Management Inc now owns 2,447 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 2,384 shares during the period. Parallel Advisors LLC purchased a new position in Columbus McKinnon during the 1st quarter valued at about $47,000. Finally, High Note Wealth LLC purchased a new position in Columbus McKinnon during the 1st quarter valued at about $48,000. 95.96% of the stock is owned by hedge funds and other institutional investors.

Columbus McKinnon Trading Down 3.5%

Shares of NASDAQ CMCO opened at $14.14 on Thursday. Columbus McKinnon Corporation has a 1 year low of $11.78 and a 1 year high of $41.05. The stock has a market cap of $406.24 million, a P/E ratio of -26.19 and a beta of 1.29. The firm has a 50-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 current ratio of 1.85 and a quick ratio of 1.01.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings results 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. As a group, sell-side analysts expect that Columbus McKinnon Corporation will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, August 8th. Columbus McKinnon’s dividend payout ratio (DPR) is currently -51.85%.

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.