Core Molding Technologies Inc (NYSEAMERICAN:CMT) Shares Purchased by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp increased its investment in Core Molding Technologies Inc by 185.3%, acquiring an additional 50,005 shares, bringing its total holdings to 76,994 shares valued at approximately $1.17 million.
• Insider selling was noted as CEO David L. Duvall sold 4,046 shares for about $66,759, reducing his ownership in the company, while overall insider ownership stands at 10%.
• Core Molding Technologies' stock is currently trading at $17.00, marking a 1.7% decrease, with a market capitalization of approximately $157.42 million.

Mackenzie Financial Corp boosted its position in Core Molding Technologies Inc (NYSEAMERICAN:CMT - Free Report) by 185.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,994 shares of the industrial products company's stock after buying an additional 50,005 shares during the period. Mackenzie Financial Corp owned approximately 0.86% of Core Molding Technologies worth $1,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Inspire Advisors LLC raised its stake in shares of Core Molding Technologies by 3.3% during the 1st quarter. Inspire Advisors LLC now owns 27,085 shares of the industrial products company's stock worth $412,000 after buying an additional 871 shares during the period. Bridgeway Capital Management LLC raised its stake in 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 valued at $1,764,000 after purchasing an additional 1,292 shares during the last quarter. Barclays PLC raised its stake in Core Molding Technologies by 14.3% in the 4th quarter. Barclays PLC now owns 11,368 shares of the industrial products company's stock valued at $188,000 after purchasing an additional 1,426 shares during the last quarter. Bank of America Corp DE raised its stake in Core Molding Technologies by 7.3% in the 4th quarter. Bank of America Corp DE now owns 23,345 shares of the industrial products company's stock valued at $386,000 after purchasing an additional 1,585 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Core Molding Technologies by 8.2% in 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 purchasing 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

In related news, CEO David L. Duvall sold 11,300 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 228,480 shares of the company's stock, valued at approximately $3,660,249.60. This represents a 4.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 43,740 shares of company stock valued at $708,175. 10.00% of the stock is currently owned by corporate insiders.

Core Molding Technologies Price Performance

NYSEAMERICAN CMT traded down $0.03 during mid-day trading on Friday, hitting $17.02. The stock had a trading volume of 19,678 shares, compared to its average volume of 24,116. The stock's 50 day moving average is $16.82. Core Molding Technologies Inc has a twelve month low of $12.25 and a twelve month high of $18.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.85 and a quick ratio of 2.08. The company has a market capitalization of $150.80 million, a PE ratio of 15.76 and a beta of 0.79.

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.