Columbus McKinnon President Acquires 40% More Stock

Those following along with Columbus McKinnon Corporation (NASDAQ:CMCO) will no doubt be intrigued by the recent purchase of shares by David Wilson, President of the company, who spent a stonking US$1.0m on stock at an average price of US$32.02. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 40%.

View our latest analysis for Columbus McKinnon

The Last 12 Months Of Insider Transactions At Columbus McKinnon

In fact, the recent purchase by David Wilson was the biggest purchase of Columbus McKinnon shares made by an insider individual in the last twelve months, according to our records. Even though the purchase was made at a significantly lower price than the recent price (US$36.28), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Over the last year, we can see that insiders have bought 32.82k shares worth US$1.1m. But they sold 9.07k shares for US$349k. In total, Columbus McKinnon insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Columbus McKinnon is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Columbus McKinnon insiders own about US$16m worth of shares. That equates to 1.6% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Columbus McKinnon Tell Us?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Columbus McKinnon shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Columbus McKinnon. When we did our research, we found 3 warning signs for Columbus McKinnon (1 shouldn't be ignored!) that we believe deserve your full attention.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.