Insider Buying: Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Acquires 1,000 Shares of Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Eric Palomaki bought 1,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of $13.99 per share, for a total transaction of $13,990.00. Following the acquisition, the executive vice president now owns 160,244 shares of the company’s stock, valued at approximately $2,241,813.56. This trade represents a 0.63 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Eric Palomaki also recently made the following trade(s):

• On Friday, March 14th, Eric Palomaki purchased 1,000 shares of Core Molding Technologies stock. The shares were acquired at an average cost of $14.01 per share, for a total transaction of $14,010.00.

Core Molding Technologies Stock Up 0.5 %

Shares of NYSEAMERICAN CMT traded up $0.07 during trading on Wednesday, hitting $14.42. 2,240 shares of the company traded hands, compared to its average volume of 39,657. The stock has a market capitalization of $129.24 million, a PE ratio of 8.15 and a beta of 1.74. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 0.14. Core Molding Technologies, Inc. has a 1 year low of $12.25 and a 1 year high of $21.00.

Hedge Funds Weigh In On Core Molding Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Pacific Ridge Capital Partners LLC acquired a new position in shares of Core Molding Technologies during the 4th quarter valued at $1,985,000. Tieton Capital Management LLC raised its stake in shares of Core Molding Technologies by 58.9% during the third quarter. Tieton Capital Management LLC now owns 282,036 shares of the industrial products company’s stock valued at $4,854,000 after purchasing an additional 104,515 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of Core Molding Technologies during the fourth quarter worth $1,121,000. Raymond James Financial Inc. bought a new position in shares of Core Molding Technologies during the fourth quarter worth about $676,000. Finally, Mackenzie Financial Corp bought a new stake in Core Molding Technologies in the fourth quarter valued at about $446,000. 58.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Roth Capital set a $22.00 target price on Core Molding Technologies in a research report on Wednesday, March 12th.

About Core Molding Technologies

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.