Pacific Ridge Capital Partners LLC Acquires 33,663 Shares of Core Molding Technologies Inc (NYSEAMERICAN:CMT)

Key Points

• Pacific Ridge Capital Partners LLC has increased its shareholdings in Core Molding Technologies Inc by 28.0%, now owning approximately 1.72% of the company, valued at $2.34 million.
• Other notable investments include Deutsche Bank AG and GAMMA Investing LLC, which raised their stakes by 99.2% and 38,585.0%, respectively, in recent quarters.
• CEO David L. Duvall sold 11,300 shares of the company stock, representing a 4.71% decrease in his ownership, with corporate insiders collectively owning 10.00% of the company's stock.

Pacific Ridge Capital Partners LLC boosted its position in shares of Core Molding Technologies Inc (NYSEAMERICAN:CMT - Free Report) by 28.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,694 shares of the industrial products company's stock after acquiring an additional 33,663 shares during the quarter. Pacific Ridge Capital Partners LLC owned 1.72% of Core Molding Technologies worth $2,336,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMT. Inspire Advisors LLC raised its holdings in shares of 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 worth $412,000 after acquiring an additional 871 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Core Molding Technologies by 0.6% in the fourth quarter. American Century Companies Inc. now owns 198,994 shares of the industrial products company's stock worth $3,291,000 after acquiring an additional 1,191 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of 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 worth $1,764,000 after acquiring an additional 1,292 shares during the last quarter. Barclays PLC raised its holdings in shares of Core Molding Technologies by 14.3% in the fourth quarter. Barclays PLC now owns 11,368 shares of the industrial products company's stock worth $188,000 after acquiring an additional 1,426 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of 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 worth $386,000 after acquiring an additional 1,585 shares during the last quarter. 58.79% of the stock is currently owned by hedge funds and other institutional investors.

Core Molding Technologies Trading Down 0.9%

NYSEAMERICAN:CMT traded down $0.16 on Wednesday, hitting $17.13. 5,964 shares of the stock were exchanged, compared to its average volume of 35,984. The stock has a market capitalization of $158.61 million, a PE ratio of 12.77 and a beta of 0.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.08 and a current ratio of 2.50. The business has a fifty day moving average of $16.78. Core Molding Technologies Inc has a fifty-two week low of $12.25 and a fifty-two week high of $18.71.

Insider Buying and Selling

In related news, CEO David L. Duvall sold 4,046 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $16.50, for a total value 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 approximately $3,279,870. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 43,740 shares of company stock worth $708,175 in the last ninety days. Corporate insiders own 10.00% of the company's stock.

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.