Bailard Inc. Acquires New Stake in Core Molding Technologies Inc (NYSEAMERICAN:CMT)

Bailard Inc. purchased a new stake in shares of Core Molding Technologies Inc (NYSEAMERICAN:CMT - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,152 shares of the industrial products company's stock, valued at approximately $291,000. Bailard Inc. owned about 0.21% of Core Molding Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Tieton Capital Management LLC raised its position in shares of Core Molding Technologies by 24.0% in the 4th quarter. Tieton Capital Management LLC now owns 349,836 shares of the industrial products company's stock worth $5,786,000 after acquiring an additional 67,800 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Core Molding Technologies by 0.6% during the 4th quarter. American Century Companies Inc. now owns 198,994 shares of the industrial products company's stock valued at $3,291,000 after buying an additional 1,191 shares in the last quarter. Pacific Ridge Capital Partners LLC purchased a new stake in shares of Core Molding Technologies in the 4th quarter worth about $1,985,000. Bridgeway Capital Management LLC increased its stake in shares of Core Molding Technologies by 1.2% in 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 in the last quarter. Finally, Baird Financial Group Inc. lifted its position in Core Molding Technologies by 22.2% during the 4th quarter. Baird Financial Group Inc. now owns 98,327 shares of the industrial products company's stock valued at $1,626,000 after acquiring an additional 17,894 shares during the period. Hedge funds and other institutional investors own 58.79% of the company's stock.

Insider Activity at Core Molding Technologies

In related news, CEO David L. Duvall sold 4,046 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $16.50, for a total transaction of $66,759.00. Following the completion of the transaction, the chief executive officer owned 198,780 shares of the company's stock, valued at $3,279,870. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 43,740 shares of company stock valued at $708,175. Insiders own 10.00% of the company's stock.

Core Molding Technologies Trading Down 1.4%

CMT traded down $0.24 during midday trading on Thursday, reaching $17.18. The company's stock had a trading volume of 26,646 shares, compared to its average volume of 31,659. Core Molding Technologies Inc has a 1 year low of $12.25 and a 1 year high of $19.20. The company's 50-day simple moving average is $16.58. The company has a market capitalization of $159.09 million, a price-to-earnings ratio of 12.82 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.50 and a quick ratio of 2.08.

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.