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

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

Core Molding Technologies Trading Down 0.6 %

NYSEAMERICAN:CMT traded down $0.10 during mid-day trading on Tuesday, hitting $16.00. 31,142 shares of the company’s stock were exchanged, compared to its average volume of 43,413. The firm has a market capitalization of $143.32 million, a P/E ratio of 9.04 and a beta of 1.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.41 and a quick ratio of 1.98. Core Molding Technologies has a one year low of $14.64 and a one year high of $21.00.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.13. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. The business had revenue of $72.99 million during the quarter, compared to analysts’ expectations of $71.57 million. As a group, analysts forecast that Core Molding Technologies will post 1.64 EPS for the current fiscal year.

Insider Activity at Core Molding Technologies

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 transaction, the chief financial officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David L. Duvall sold 2,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $16.55, for a total value of $33,100.00. Following the completion of the sale, the chief executive officer now owns 284,381 shares in the company, valued at $4,706,505.55. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,600 shares of company stock valued at $184,698 in the last three months. Corporate insiders own 13.10% of the company’s stock.

Institutional Investors Weigh In On Core Molding Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in Core Molding Technologies by 5.3% in the 2nd 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Core Molding Technologies by 9.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 168,168 shares of the industrial products company’s stock valued at $2,681,000 after buying an additional 14,181 shares during the last quarter. Rhumbline Advisers grew its holdings 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 buying an additional 866 shares in the last quarter. Acadian Asset Management LLC increased its stake in 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 worth $1,017,000 after acquiring an additional 16,516 shares during the last quarter. Finally, LSV Asset Management purchased a new stake in shares of Core Molding Technologies during the 2nd quarter worth approximately $36,000. 58.79% of the stock is owned by hedge funds and other institutional investors.

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.