Insider Selling: Core Molding Technologies (NYSEAMERICAN:CMT) CEO Sells 50,000 Shares of Stock

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 L. Duvall sold 50,000 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $20.32, for a total transaction of $1,016,000.00. Following the completion of the transaction, the chief executive officer owned 148,780 shares in the company, valued at approximately $3,023,209.60. This trade represents a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Core Molding Technologies Trading Down 3.2%

NYSEAMERICAN:CMT traded down $0.70 during trading hours on Tuesday, hitting $21.05. The stock had a trading volume of 30,319 shares, compared to its average volume of 35,370. Core Molding Technologies Inc has a 1-year low of $12.25 and a 1-year high of $22.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.85. The company has a market capitalization of $186.50 million, a P/E ratio of 19.49 and a beta of 0.68. The firm has a 50 day simple moving average of $18.14.

Institutional Trading of Core Molding Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its position in Core Molding Technologies by 6,568.0% during the second quarter. Nisa Investment Advisors LLC now owns 1,667 shares of the industrial products company's stock worth $28,000 after purchasing an additional 1,642 shares during the period. JPMorgan Chase & Co. raised its stake in Core Molding Technologies by 18.6% during the second quarter. JPMorgan Chase & Co. now owns 4,703 shares of the industrial products company's stock worth $78,000 after acquiring an additional 738 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Core Molding Technologies by 99.2% during the fourth quarter. Deutsche Bank AG now owns 6,380 shares of the industrial products company's stock worth $106,000 after purchasing an additional 3,177 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Core Molding Technologies by 38,585.0% during the first quarter. GAMMA Investing LLC now owns 7,737 shares of the industrial products company's stock worth $118,000 after purchasing an additional 7,717 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Core Molding Technologies by 8.9% during the second quarter. Rhumbline Advisers now owns 12,647 shares of the industrial products company's stock worth $210,000 after purchasing an additional 1,038 shares during the last quarter. Institutional investors and hedge funds 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.