Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Purchases $14,010.00 in Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Eric Palomaki acquired 1,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $14.01 per share, for a total transaction of $14,010.00. Following the completion of the acquisition, the executive vice president now owns 159,244 shares of the company’s stock, valued at approximately $2,231,008.44. This represents a 0.63 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, March 17th, Eric Palomaki bought 1,000 shares of Core Molding Technologies stock. The shares were purchased at an average cost of $13.99 per share, with a total value of $13,990.00.

Core Molding Technologies Stock Up 0.5 %

Shares of NYSEAMERICAN:CMT traded up $0.07 during midday trading on Wednesday, reaching $14.42. 2,240 shares of the company’s stock were exchanged, compared to its average volume of 39,657. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $129.24 million, a price-to-earnings ratio of 8.14 and a beta of 1.74. Core Molding Technologies, Inc. has a fifty-two week low of $12.25 and a fifty-two week high of $21.00.

Institutional Trading of Core Molding Technologies

Several hedge funds have recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC acquired a new position in Core Molding Technologies during the 4th quarter worth $1,985,000. Tieton Capital Management LLC grew its position 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 worth $4,854,000 after buying an additional 104,515 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Core Molding Technologies during the fourth quarter worth approximately $1,121,000. Raymond James Financial Inc. purchased a new stake in shares of Core Molding Technologies during the fourth quarter worth approximately $676,000. Finally, Mackenzie Financial Corp acquired a new stake in Core Molding Technologies in the fourth quarter valued at approximately $446,000. 58.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Roth Capital set a $22.00 price target 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.