Core Molding Technologies Inc (NYSEAMERICAN:CMT) Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP reduced its stake in Core Molding Technologies by 21.2%, selling 31,219 shares to hold a total of 115,746 shares valued at approximately $1.76 million.
• CEO David L. Duvall sold 4,046 shares at an average price of $16.50, resulting in a decrease of his ownership to around 198,780 shares worth roughly $3.28 million.
• Core Molding Technologies saw a stock price increase of 1.1%, with shares opening at $17.62, and has a market capitalization of $163.16 million.

Royce & Associates LP lowered its position in shares of Core Molding Technologies Inc (NYSEAMERICAN:CMT - Free Report) by 21.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,746 shares of the industrial products company's stock after selling 31,219 shares during the period. Royce & Associates LP owned about 1.29% of Core Molding Technologies worth $1,759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of Core Molding Technologies by 0.6% in the 4th 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 period. Diamond Hill Capital Management Inc. grew its holdings 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 acquiring an additional 27,848 shares in the last quarter. Bridgeway Capital Management LLC grew 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 valued at $1,764,000 after acquiring an additional 1,292 shares in the last quarter. Baird Financial Group Inc. grew its holdings 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 acquiring an additional 17,894 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its holdings in Core Molding Technologies by 23.4% during 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 purchasing an additional 15,844 shares during the period. Institutional investors own 58.79% of the company's stock.

Insider Buying and Selling

In other news, CEO David L. Duvall sold 4,046 shares of Core Molding Technologies stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $16.50, for a total transaction of $66,759.00. Following the completion of the transaction, the chief executive officer directly owned 198,780 shares in the company, valued at approximately $3,279,870. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 43,740 shares of company stock valued at $708,175 in the last ninety days. Company insiders own 10.00% of the company's stock.

Core Molding Technologies Stock Down 0.1%

Shares of CMT stock traded down $0.02 on Friday, reaching $16.62. The company's stock had a trading volume of 8,854 shares, compared to its average volume of 36,199. The company has a 50 day simple moving average of $16.72. Core Molding Technologies Inc has a 12-month low of $12.25 and a 12-month high of $18.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.50 and a quick ratio of 2.08. The firm has a market cap of $153.90 million, a P/E ratio of 12.40 and a beta of 0.81.

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.