Core Molding Technologies Inc $CMT Holdings Decreased by Inspire Advisors LLC

Inspire Advisors LLC reduced its position in shares of Core Molding Technologies Inc (NYSEAMERICAN:CMT) by 15.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,785 shares of the industrial products company’s stock after selling 4,300 shares during the period. Inspire Advisors LLC owned about 0.26% of Core Molding Technologies worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CMT. American Century Companies Inc. increased its stake in Core Molding Technologies by 10.4% during the first quarter. American Century Companies Inc. now owns 219,724 shares of the industrial products company’s stock valued at $3,340,000 after purchasing an additional 20,730 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Core Molding Technologies by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 183,910 shares of the industrial products company’s stock valued at $3,051,000 after buying an additional 4,332 shares during the period. Diamond Hill Capital Management Inc. grew its position in shares of Core Molding Technologies by 18.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 182,452 shares of the industrial products company’s stock valued at $2,773,000 after buying an additional 27,848 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its position in shares of Core Molding Technologies by 28.0% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 153,694 shares of the industrial products company’s stock valued at $2,336,000 after buying an additional 33,663 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in Core Molding Technologies by 185.3% during the first quarter. Mackenzie Financial Corp now owns 76,994 shares of the industrial products company’s stock worth $1,170,000 after acquiring an additional 50,005 shares during the period. Institutional investors and hedge funds own 58.79% of the company’s stock.

Insider Buying and Selling at Core Molding Technologies

In related news, CEO David L. Duvall sold 50,000 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $20.32, for a total value of $1,016,000.00. Following the sale, the chief executive officer owned 148,780 shares of the company’s stock, valued at $3,023,209.60. This trade represents a 25.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew Jauchius sold 6,020 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $19.84, for a total transaction of $119,436.80. Following the transaction, the director directly owned 51,522 shares of the company’s stock, valued at $1,022,196.48. The trade was a 10.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 66,020 shares of company stock worth $1,323,561. 10.00% of the stock is owned by insiders.

Core Molding Technologies Stock Performance

Shares of CMT stock opened at $18.10 on Thursday. The company has a market cap of $160.37 million, a P/E ratio of 16.76 and a beta of 0.88. The business has a 50 day moving average of $19.42 and a two-hundred day moving average of $17.88. Core Molding Technologies Inc has a 52 week low of $12.25 and a 52 week high of $22.29. The company has a quick ratio of 2.36, a current ratio of 2.85 and a debt-to-equity ratio of 0.12.

Core Molding Technologies Profile

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.