Diamond Hill Capital Management Inc. Buys 27,848 Shares of Core Molding Technologies Inc (NYSEAMERICAN:CMT)

Key Points

• Diamond Hill Capital Management Inc. increased its stake in Core Molding Technologies by 18.0%, holding 182,452 shares worth approximately $2.77 million as of the latest filing with the SEC.
• Several institutional investors, including Bailard Inc. and Segall Bryant & Hamill LLC, made significant adjustments to their holdings in Core Molding Technologies during the first quarter.
• Core Molding Technologies' stock increased by 1.4% recently, trading at $17.42, with a market cap of $161.31 million and a debt-to-equity ratio of 0.13.

Diamond Hill Capital Management Inc. grew its holdings in Core Molding Technologies Inc (NYSEAMERICAN:CMT - Free Report) by 18.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 182,452 shares of the industrial products company's stock after purchasing an additional 27,848 shares during the period. Diamond Hill Capital Management Inc. owned about 2.04% of Core Molding Technologies worth $2,773,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. 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 valued at $3,291,000 after purchasing an additional 1,191 shares during the last quarter. Pacific Ridge Capital Partners LLC bought a new position in shares of Core Molding Technologies in the fourth quarter valued at $1,985,000. Bridgeway Capital Management LLC grew its stake 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 valued at $1,764,000 after buying an additional 1,292 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Core Molding Technologies by 22.2% in the fourth quarter. Baird Financial Group Inc. now owns 98,327 shares of the industrial products company's stock valued at $1,626,000 after buying an additional 17,894 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in shares of Core Molding Technologies by 23.4% in the first quarter. Segall Bryant & Hamill LLC now owns 83,591 shares of the industrial products company's stock valued at $1,271,000 after buying an additional 15,844 shares in the last quarter. 58.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Core Molding Technologies

In related news, CEO David L. Duvall sold 11,300 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were 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 trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 43,740 shares of company stock valued at $708,175 over the last three months. 10.00% of the stock is currently owned by company insiders.

Core Molding Technologies Stock Up 0.9%

Shares of NYSEAMERICAN:CMT traded up $0.16 during midday trading on Monday, hitting $17.58. The stock had a trading volume of 3,490 shares, compared to its average volume of 36,655. Core Molding Technologies Inc has a 12 month low of $12.25 and a 12 month high of $19.20. The company has a current ratio of 2.50, a quick ratio of 2.08 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $16.62. The firm has a market capitalization of $162.79 million, a P/E ratio of 13.12 and a beta of 0.81.

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.