Friday, November 03, 2017 10:15 PM ET
Significant Insider Selling Continues at Columbus Mckinnon (CMCO)
A significant insider sale of the shares of Columbus Mckinnon was disclosed in a form 4 document filed with the SEC today, showing — Gene P Buer, Required Filer — disposed of 30,529 shares in the company having a market value of approximately $1,160,102. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 1,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 31,529 shares and have averaged 15,765 shares per transaction over this time period.
Insiders at Columbus Mckinnon have a higher number of buy/sell transactions than the 5-peer company average over the last 90-day period. The Construction Machinery peer group saw 2 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Columbus Mckinnon insiders was also higher. Within the peer group there were 0 shares purchased and 4,813 shares sold with company insiders having sold 2,407 shares on average.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data obtained to create and write this story.
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