Core Molding Technologies (NYSEAMERICAN:CMT) CEO David Duvall Sells 50,000 Shares

Key Points

• Core Molding Technologies CEO David Duvall sold 50,000 shares at an average price of $20.32, totaling approximately $1.02 million, which decreased his ownership by 25.15%.
• The company's shares increased by 0.5% to $21.08, with institutional investors holding approximately 58.79% of the stock and recent increases in positions by several hedge funds.
• Core Molding Technologies has a market capitalization of $186.77 million with a P/E ratio of 19.52 and has seen stock prices range between $12.25 and $21.40 over the past year.

Core Molding Technologies Inc (NYSEAMERICAN:CMT - Get Free Report) CEO David Duvall sold 50,000 shares of the firm's 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 completion of the transaction, the chief executive officer owned 148,780 shares of the company's stock, valued at $3,023,209.60. The trade was a 25.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Core Molding Technologies Trading Up 0.5%

Shares of NYSEAMERICAN CMT traded up $0.10 during mid-day trading on Thursday, hitting $21.08. The company had a trading volume of 30,457 shares, compared to its average volume of 35,508. The company has a market cap of $186.77 million, a P/E ratio of 19.52 and a beta of 0.68. The company has a 50-day moving average price of $17.82. 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 Inc has a one year low of $12.25 and a one year high of $21.40.

Hedge Funds Weigh In On Core Molding Technologies

Hedge funds have recently modified their holdings of the stock. 22NW LP acquired a new position in Core Molding Technologies during the second quarter worth approximately $3,172,000. Mackenzie Financial Corp increased its position 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 buying an additional 50,005 shares during the last quarter. Ritholtz Wealth Management acquired a new position in Core Molding Technologies during the second quarter worth approximately $578,000. Pacific Ridge Capital Partners LLC increased its position in Core Molding Technologies by 28.0% during the first 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 last quarter. Finally, Strs Ohio acquired a new position in Core Molding Technologies during the first quarter worth approximately $497,000. Institutional investors own 58.79% of the company's stock.

About Core Molding Technologies

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.

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