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CMCO Columbus MckinnonInsider buying

Columbus McKinnon CEO David J. Wilson Buys $551,349 of Stock

Director Christopher Stephens also bought shares in the period, and the company's stock rose sharply in Monday's session.

By Zintick Team · Editor: Kratik Mehta
Published

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Key points

  • David J. Wilson bought 32,631 shares for $551,349, averaging $16.8965 a share
  • Shares held after the trades: 27,047, through an OXW trust
  • Stock closed at $19.67 on Nov. 9, up 11.6%
  • Quarterly revenue $539.3 million, up 107% year over year

President and Chief Executive David J. Wilson bought about $551,349 of Columbus McKinnon Corp (Nasdaq: CMCO) stock on Nov. 5, a Form 4 filing with the Securities and Exchange Commission showed Monday.

The filing shows Wilson bought 32,631 shares in five trades at prices between $16.65 and $17.52, an average of $16.8965 a share. The purchases were made through an OXW trust, which holds 27,047 shares after the trades. The filing was not made under a pre-arranged trading plan.

Other insider activity

In the period from Aug. 11 through the day before the filing, director Christopher J. Stephens bought 2,750 shares worth $47,135, according to Form 4 records. Those purchases were not made under a pre-arranged trading plan.

Stock move and company figures

The stock closed at $19.67 on Monday, up 11.6%, while the S&P 500 ETF rose 2.4% in the session. Over the 20 sessions to the Nov. 6 close of $17.62, the stock had risen 10.7%.

For the quarter ended Sept. 30, the company reported revenue of $539.3 million, up 107% from a year earlier, and operating income of $35.0 million. It reported a net loss of $25.5 million. Cash and equivalents were $110.9 million at that date.

Sources

Written with AI from insiders' Form 4 filings with the SEC and our market data, and checked against those sources before publishing. Our editorial standards.

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Filings, figures and price history are on the Columbus Mckinnon page.