Ancora Advisors LLC Takes Position in Core Molding Technologies Inc $CMT

Key Points

• Ancora Advisors LLC has invested $336,000 in Core Molding Technologies Inc, acquiring 22,080 shares, which represents a 0.25% ownership stake.
• In addition to Ancora, other institutional investors, including Deutsche Bank AG and GAMMA Investing LLC, have significantly increased their positions in Core Molding Technologies, indicating growing interest in the company.
• Core Molding Technologies' stock has seen a recent increase, closing at $19.79, with a market capitalization of $175.34 million and a PE ratio of 18.32.

Ancora Advisors LLC bought a new stake in Core Molding Technologies Inc (NYSEAMERICAN:CMT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,080 shares of the industrial products company's stock, valued at approximately $336,000. Ancora Advisors LLC owned about 0.25% of Core Molding Technologies as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Inspire Advisors LLC boosted its position in Core Molding Technologies by 3.3% in the first quarter. Inspire Advisors LLC now owns 27,085 shares of the industrial products company's stock valued at $412,000 after buying an additional 871 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in Core Molding Technologies by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 106,674 shares of the industrial products company's stock valued at $1,764,000 after buying an additional 1,292 shares during the last quarter. Barclays PLC boosted its position in Core Molding Technologies by 14.3% in the fourth quarter. Barclays PLC now owns 11,368 shares of the industrial products company's stock valued at $188,000 after buying an additional 1,426 shares during the last quarter. Bank of America Corp DE boosted its position in Core Molding Technologies by 7.3% in the fourth quarter. Bank of America Corp DE now owns 23,345 shares of the industrial products company's stock valued at $386,000 after buying an additional 1,585 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Core Molding Technologies by 8.2% during the 1st quarter. Bank of New York Mellon Corp now owns 24,888 shares of the industrial products company's stock valued at $378,000 after buying an additional 1,881 shares during the last quarter. Hedge funds and other institutional investors own 58.79% of the company's stock.

Insider Buying and Selling at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 50,000 shares of Core Molding Technologies stock in a transaction dated Tuesday, September 9th. The stock was 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Matthew Jauchius sold 6,020 shares of Core Molding Technologies stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $19.84, for a total value of $119,436.80. Following the transaction, the director owned 51,522 shares of the company's stock, valued at $1,022,196.48. The trade was a 10.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,466 shares of company stock worth $1,545,914. Insiders own 10.00% of the company's stock.

Core Molding Technologies Trading Up 0.7%

Shares of NYSEAMERICAN CMT traded up $0.14 during trading on Friday, reaching $21.22. 46,952 shares of the company traded hands, compared to its average volume of 33,228. The company has a fifty day moving average price of $17.97. The firm has a market cap of $188.01 million, a PE ratio of 19.65 and a beta of 0.68. Core Molding Technologies Inc has a 12-month low of $12.25 and a 12-month high of $21.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.85.

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.