Nuveen LLC Buys Shares of 16,950 Core Molding Technologies Inc $CMT

Key Points

• Nuveen LLC has acquired a new stake in Core Molding Technologies Inc (CMT) by purchasing 16,950 shares valued at approximately $258,000, representing 0.19% of the company's total stock.
• Other institutional investors, including GAMMA Investing LLC and Deutsche Bank AG, have significantly increased their holdings in Core Molding Technologies, demonstrating heightened investor interest in the company.
• Core Molding Technologies shares recently traded at $19.79, showing a 1.7% increase, with a market capitalization of $175.34 million and a price-to-earnings ratio of 18.32.

Nuveen LLC bought a new stake in Core Molding Technologies Inc (NYSEAMERICAN:CMT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,950 shares of the industrial products company's stock, valued at approximately $258,000. Nuveen LLC owned about 0.19% of Core Molding Technologies as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. raised its position in shares of Core Molding Technologies by 18.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 182,452 shares of the industrial products company's stock valued at $2,773,000 after purchasing an additional 27,848 shares during the period. Pacific Ridge Capital Partners LLC increased its position in Core Molding Technologies by 28.0% during the first quarter. Pacific Ridge Capital Partners LLC now owns 153,694 shares of the industrial products company's stock worth $2,336,000 after acquiring an additional 33,663 shares during the period. Bridgeway Capital Management LLC raised 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 valued at $1,764,000 after buying an additional 1,292 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Core Molding Technologies by 22.2% in 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 buying an additional 17,894 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its stake in shares of Core Molding Technologies by 23.4% in the 1st 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.

Core Molding Technologies Stock Performance

Shares of CMT stock traded up $0.10 during mid-day trading on Thursday, reaching $21.08. The company's stock had a trading volume of 30,457 shares, compared to its average volume of 32,298. The firm's 50-day moving average is $17.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.85. Core Molding Technologies Inc has a 1-year low of $12.25 and a 1-year high of $21.40. The company has a market capitalization of $186.77 million, a P/E ratio of 19.52 and a beta of 0.68.

Insider Transactions at Core Molding Technologies

In other news, Director Thomas R. Cellitti sold 3,103 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $18.64, for a total value of $57,839.92. Following the sale, the director owned 96,165 shares of the company's stock, valued at approximately $1,792,515.60. This represents a 3.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew Jauchius sold 6,020 shares of the company's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $19.84, for a total transaction of $119,436.80. Following the completion of the sale, the director directly owned 51,522 shares in the company, valued at approximately $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 have sold 79,490 shares of company stock valued at $1,546,312. 10.00% of the stock is owned by insiders.

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.