Insider Selling: Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CEO Sells 14,171 Shares of Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Get Free Report) CEO David L. Duvall sold 14,171 shares of the firm's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $16.54, for a total transaction of $234,388.34. Following the completion of the transaction, the chief executive officer now directly owns 243,341 shares in the company, valued at $4,024,860.14. This represents a 5.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Core Molding Technologies Stock Performance

Shares of CMT traded down $0.07 during mid-day trading on Friday, reaching $16.51. 44,975 shares of the company's stock traded hands, compared to its average volume of 43,600. The stock has a market cap of $147.93 million, a PE ratio of 9.33 and a beta of 1.75. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14. Core Molding Technologies, Inc. has a 12 month low of $14.64 and a 12 month high of $21.00.

Core Molding Technologies (NYSEAMERICAN:CMT - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.13. The company had revenue of $72.99 million for the quarter, compared to analysts' expectations of $71.57 million. Core Molding Technologies had a return on equity of 10.76% and a net margin of 4.95%. On average, analysts predict that Core Molding Technologies, Inc. will post 1.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CMT. Tieton Capital Management LLC increased its stake in shares of Core Molding Technologies by 151.9% during the second quarter. Tieton Capital Management LLC now owns 177,521 shares of the industrial products company's stock valued at $2,830,000 after acquiring an additional 107,041 shares during the period. American Century Companies Inc. grew its position in Core Molding Technologies by 19.1% in the second quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company's stock worth $2,821,000 after buying an additional 28,376 shares during the last quarter. Inspire Advisors LLC acquired a new position in Core Molding Technologies in the third quarter worth approximately $326,000. Acadian Asset Management LLC grew its position in Core Molding Technologies by 34.9% in the second quarter. Acadian Asset Management LLC now owns 63,876 shares of the industrial products company's stock worth $1,017,000 after buying an additional 16,516 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Core Molding Technologies by 9.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 168,168 shares of the industrial products company's stock worth $2,681,000 after buying an additional 14,181 shares during the last quarter. Institutional investors and hedge funds own 58.79% 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.