Insider Selling: Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CEO Sells 11,300 Shares of Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Get Free Report) CEO David L. Duvall sold 11,300 shares of Core Molding Technologies stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $16.02, for a total value of $181,026.00. Following the completion of the sale, the chief executive officer now owns 228,480 shares in the company, valued at approximately $3,660,249.60. The trade was a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Core Molding Technologies Stock Performance

NYSEAMERICAN CMT traded down $0.06 during mid-day trading on Monday, reaching $15.99. 26,120 shares of the stock were exchanged, compared to its average volume of 39,116. Core Molding Technologies, Inc. has a 1-year low of $12.25 and a 1-year high of $19.20. The firm's fifty day simple moving average is $15.42. The firm has a market capitalization of $143.27 million, a PE ratio of 9.03 and a beta of 1.74. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.41 and a quick ratio of 1.98.

Institutional Trading of Core Molding Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMT. Tieton Capital Management LLC boosted its holdings in shares of Core Molding Technologies by 24.0% during the 4th quarter. Tieton Capital Management LLC now owns 349,836 shares of the industrial products company's stock worth $5,786,000 after buying an additional 67,800 shares during the period. American Century Companies Inc. increased its position in Core Molding Technologies by 10.4% in the 1st quarter. American Century Companies Inc. now owns 219,724 shares of the industrial products company's stock valued at $3,340,000 after acquiring an additional 20,730 shares in the last quarter. 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 worth $2,773,000 after buying an additional 27,848 shares during the period. 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 worth $2,336,000 after buying an additional 33,663 shares during the period. Finally, Bridgeway Capital Management LLC boosted its stake in Core Molding Technologies by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 106,674 shares of the industrial products company's stock worth $1,764,000 after acquiring an additional 1,292 shares during the last quarter. 58.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Roth Capital set a $22.00 target price on shares of Core Molding Technologies in a research note on Wednesday, March 12th.

Core Molding Technologies Company 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.