Senior Vice President of Business Integration & Strategic Project Management Of Columbus McKinnon Sold 100% Of Their Shares

Anyone interested in Columbus McKinnon Corporation (NASDAQ:CMCO) should probably be aware that the Senior Vice President of Business Integration & Strategic Project Management, Jon Adams, recently divested US$121k worth of shares in the company, at an average price of US$23.28 each. Equally important, that sale actually reduced their holding by a full 100% which hardly makes us feel bullish about the stock.

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Columbus McKinnon Insider Transactions Over The Last Year

The Independent Director Chad Abraham made the biggest insider purchase in the last 12 months. That single transaction was for US$321k worth of shares at a price of US$16.10 each. We do like to see buying, but this purchase was made at well below the current price of US$20.33. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Over the last year, we can see that insiders have bought 40.98k shares worth US$697k. But insiders sold 5.19k shares worth US$121k. In the last twelve months there was more buying than selling by Columbus McKinnon insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Columbus McKinnon

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.

Does Columbus McKinnon Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 1.8% of Columbus McKinnon shares, worth about US$10m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Columbus McKinnon Tell Us?

An insider sold Columbus McKinnon shares recently, but they didn't buy any. But we take heart from prior transactions. We like that insiders own a fair amount of the company. So we're not overly bothered by recent selling. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that Columbus McKinnon has 5 warning signs (1 is a bit concerning!) that deserve your attention before going any further with your analysis.

Of course Columbus McKinnon may not be the best stock to buy. So you may wish to see this free collection of high quality 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.