Short Interest in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Decreases By 10.7%

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 164,000 shares, a drop of 10.7% from the November 15th total of 183,700 shares. Based on an average daily volume of 36,200 shares, the short-interest ratio is presently 4.5 days. Currently, 2.1% of the shares of the company are short sold.

Insider Transactions at Core Molding Technologies

In other news, CEO David L. Duvall sold 2,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 284,381 shares in the company, valued at approximately $4,706,505.55. This represents a 0.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John P. Zimmer sold 7,600 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $17.78, for a total transaction of $135,128.00. Following the sale, the chief financial officer now owns 107,959 shares in the company, valued at $1,919,511.02. The trade was a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,600 shares of company stock worth $184,698. Company insiders own 13.10% of the company’s stock.

Hedge Funds Weigh In On Core Molding Technologies

A number of hedge funds have recently made changes to their positions in CMT. Rhumbline Advisers increased its position in Core Molding Technologies by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 866 shares during the period. State Street Corp raised its stake in Core Molding Technologies by 0.8% during the third quarter. State Street Corp now owns 157,430 shares of the industrial products company’s stock worth $2,709,000 after buying an additional 1,267 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Core Molding Technologies in the 2nd quarter valued at about $27,000. Empowered Funds LLC boosted its holdings in shares of Core Molding Technologies by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 36,182 shares of the industrial products company’s stock worth $623,000 after buying an additional 1,742 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Core Molding Technologies by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 36,724 shares of the industrial products company’s stock worth $585,000 after purchasing an additional 1,856 shares during the period. 58.79% of the stock is currently owned by institutional investors.

Core Molding Technologies Stock Down 0.6 %

Shares of CMT traded down $0.09 during trading hours on Tuesday, reaching $16.00. The stock had a trading volume of 8,012 shares, compared to its average volume of 43,299. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.41. Core Molding Technologies has a 12 month low of $14.64 and a 12 month high of $21.00. The stock has a market capitalization of $143.36 million, a price-to-earnings ratio of 9.11 and a beta of 1.75.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.13. Core Molding Technologies had a return on equity of 10.76% and a net margin of 4.95%. The company had revenue of $72.99 million for the quarter, compared to analysts’ expectations of $71.57 million. As a group, sell-side analysts anticipate 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.