CMCO Director Stephens buys 1,000 shares at $37.34; 19.9% increase in holdings, but prior CMCO purchase (May 2024) was -13.0% after 90 days.
Christopher J. Stephens, a director at Columbus McKinnon (CMCO), purchased 1,000 shares at $37.34 on 2024-11-14, increasing his total holdings by 19.9% to 6,014 shares. The current price of $37.14 is 18.9% below the 52-week high of $45.78, and the stock has risen 6.2% over the past 30 days and 13.7% over the past 90 days. However, his timing history at this specific ticker is unfavorable: a prior buy on 2024-05-31 resulted in a 90-day return of -13.0%, indicating that his previous CMCO purchase was not well-timed. Fundamentally, the company is reporting negative net income of $-15.0M against quarterly revenue of $242.3M, with a notably elevated P/E of 70.08 despite 8.3% annual revenue growth. The modest share purchase size ($37.3K) and the company's current earnings deficit warrant closer attention to whether this acquisition reflects a contrarian opportunity or misaligned timing relative to operational challenges.