Ritholtz Wealth Management Takes $578,000 Position in Core Molding Technologies Inc $CMT

Key Points

• Ritholtz Wealth Management has acquired a new stake in Core Molding Technologies Inc, purchasing 34,813 shares valued at approximately $578,000.
• CEO David L. Duvall sold 50,000 shares of the company on September 9th for a total of $1,016,000, resulting in a 25.15% reduction in his ownership.
• 58.79% of Core Molding Technologies' stock is owned by institutional investors, indicating significant interest from larger financial entities.

Ritholtz Wealth Management acquired a new stake in shares of Core Molding Technologies Inc (NYSEAMERICAN:CMT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 34,813 shares of the industrial products company's stock, valued at approximately $578,000. Ritholtz Wealth Management owned 0.38% of Core Molding Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Core Molding Technologies by 38,585.0% during the first quarter. GAMMA Investing LLC now owns 7,737 shares of the industrial products company's stock valued at $118,000 after purchasing an additional 7,717 shares during the period. Nuveen LLC bought a new stake in shares of Core Molding Technologies during the first quarter valued at approximately $258,000. Russell Investments Group Ltd. bought a new stake in shares of Core Molding Technologies during the first quarter valued at approximately $288,000. Bailard Inc. bought a new stake in shares of Core Molding Technologies during the first quarter valued at approximately $291,000. Finally, Ancora Advisors LLC bought a new stake in shares of Core Molding Technologies during the first quarter valued at approximately $336,000. 58.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 50,000 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $20.32, for a total value of $1,016,000.00. Following the sale, the chief executive officer directly owned 148,780 shares in the company, valued at $3,023,209.60. This represents a 25.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas R. Cellitti sold 3,103 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $18.64, for a total value of $57,839.92. Following the completion of the sale, the director owned 96,165 shares in the company, valued at $1,792,515.60. This trade represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,020 shares of company stock worth $1,323,561 over the last three months. Company insiders own 10.00% of the company's stock.

Core Molding Technologies Stock Performance

CMT opened at $18.49 on Monday. The stock's 50 day simple moving average is $19.46 and its 200-day simple moving average is $17.30. Core Molding Technologies Inc has a 1 year low of $12.25 and a 1 year high of $22.29. The stock has a market cap of $163.82 million, a PE ratio of 17.12 and a beta of 0.88. The company has a current ratio of 2.85, a quick ratio of 2.36 and a debt-to-equity ratio of 0.12.

Core Molding Technologies 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.

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