Core Molding Technologies, Inc. (NYSEAMERICAN:CMT – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 176,300 shares, a growth of 7.5% from the November 30th total of 164,000 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average daily trading volume, of 37,200 shares, the short-interest ratio is presently 4.7 days.
Insider Buying and Selling
In other Core Molding Technologies news, CFO John P. Zimmer sold 7,600 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $17.78, for a total value of $135,128.00. Following the completion of the sale, the chief financial officer now owns 107,959 shares of the company’s stock, valued at $1,919,511.02. The trade was a 6.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David L. Duvall sold 2,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $16.55, for a total transaction of $33,100.00. Following the transaction, the chief executive officer now owns 284,381 shares in the company, valued at approximately $4,706,505.55. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,190 shares of company stock valued at $734,561. Company insiders own 13.10% of the company’s stock.
Institutional Investors Weigh In On Core Molding Technologies
A number of large investors have recently modified their holdings of the business. American Century Companies Inc. grew its holdings in shares of Core Molding Technologies by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company’s stock valued at $2,821,000 after purchasing an additional 28,376 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Core Molding Technologies by 34.9% in the 2nd quarter. Acadian Asset Management LLC now owns 63,876 shares of the industrial products company’s stock valued at $1,017,000 after acquiring an additional 16,516 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Core Molding Technologies by 9.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 168,168 shares of the industrial products company’s stock valued at $2,681,000 after acquiring an additional 14,181 shares in the last quarter. State Street Corp grew its position in Core Molding Technologies by 0.8% during the 3rd quarter. State Street Corp now owns 157,430 shares of the industrial products company’s stock worth $2,709,000 after acquiring an additional 1,267 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Core Molding Technologies in the third quarter valued at about $195,000. Institutional investors and hedge funds own 58.79% of the company’s stock.
Core Molding Technologies Price Performance
Core Molding Technologies (NYSEAMERICAN:CMT – Get Free Report) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.23 by $0.13. The company had revenue of $72.99 million during the quarter, compared to analysts’ expectations of $71.57 million. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. As a group, equities analysts predict that Core Molding Technologies will post 1.64 earnings per share for the current fiscal year.
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.
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