Strs Ohio Buys Shares of 32,700 Core Molding Technologies Inc $CMT

Key Points

• Strs Ohio has invested approximately $497,000 in Core Molding Technologies Inc by acquiring 32,700 shares in the first quarter, representing a ownership stake of about 0.36%.
• Insiders, including CEO David L. Duvall, have sold substantial shares recently, with Duvall selling 50,000 shares for over $1 million, resulting in a 25.15% decrease in his ownership.
• The market capitalization of Core Molding Technologies is currently $190.49 million, with shares trading at $21.50, while the company has a P/E ratio of 19.91.

Strs Ohio bought a new stake in shares of Core Molding Technologies Inc (NYSEAMERICAN:CMT - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 32,700 shares of the industrial products company's stock, valued at approximately $497,000. Strs Ohio owned approximately 0.36% of Core Molding Technologies as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in Core Molding Technologies by 10.4% in the first quarter. American Century Companies Inc. now owns 219,724 shares of the industrial products company's stock valued at $3,340,000 after buying an additional 20,730 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in 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 buying an additional 27,848 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in Core Molding Technologies by 28.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 153,694 shares of the industrial products company's stock valued at $2,336,000 after buying an additional 33,663 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in 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. Finally, Mackenzie Financial Corp boosted its position in Core Molding Technologies by 185.3% in the first quarter. Mackenzie Financial Corp now owns 76,994 shares of the industrial products company's stock valued at $1,170,000 after buying an additional 50,005 shares in the last quarter. 58.79% of the stock is currently owned by institutional investors and hedge funds.

Core Molding Technologies Price Performance

Shares of NYSEAMERICAN CMT traded up $0.05 during trading on Monday, reaching $21.55. The company had a trading volume of 26,846 shares, compared to its average volume of 39,350. Core Molding Technologies Inc has a 52 week low of $12.25 and a 52 week high of $22.00. The stock has a market cap of $190.93 million, a PE ratio of 18.22 and a beta of 0.68. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.85. The business's 50 day moving average price is $18.49 and its 200-day moving average price is $16.63.

Insiders Place Their Bets

In other Core Molding Technologies news, Director Thomas R. Cellitti sold 6,897 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $18.89, for a total value of $130,284.33. Following the completion of the transaction, the director directly owned 99,268 shares of the company's stock, valued at approximately $1,875,172.52. The trade was a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David L. Duvall sold 50,000 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $20.32, for a total transaction of $1,016,000.00. Following the completion of the transaction, the chief executive officer directly owned 148,780 shares of the company's stock, valued at approximately $3,023,209.60. This represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,020 shares of company stock valued at $1,323,561. 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.