Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Position Increased by Inspire Advisors LLC

Inspire Advisors LLC increased its position in shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 38.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,214 shares of the industrial products company’s stock after acquiring an additional 7,275 shares during the period. Inspire Advisors LLC’s holdings in Core Molding Technologies were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Tieton Capital Management LLC increased its position in 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 during the last quarter. Geode Capital Management LLC increased its position in Core Molding Technologies by 1.6% during the third quarter. Geode Capital Management LLC now owns 174,999 shares of the industrial products company’s stock worth $3,012,000 after buying an additional 2,737 shares during the last quarter. State Street Corp increased its position 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. Royce & Associates LP increased its position in Core Molding Technologies by 7.2% during the third quarter. Royce & Associates LP now owns 149,244 shares of the industrial products company’s stock worth $2,568,000 after buying an additional 10,000 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Core Molding Technologies during the fourth quarter worth $676,000. 58.79% of the stock is currently owned by hedge funds and other institutional investors.

Core Molding Technologies Price Performance

Core Molding Technologies stock opened at $13.55 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.41. The firm has a market cap of $121.41 million, a price-to-earnings ratio of 7.66 and a beta of 1.74. Core Molding Technologies, Inc. has a one year low of $12.25 and a one year high of $21.00.

Insider Buying and Selling at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 14,171 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $16.54, for a total transaction of $234,388.34. Following the completion of the sale, the chief executive officer now directly owns 243,341 shares in the company, valued at $4,024,860.14. This represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 33,590 shares of company stock worth $549,863 over the last ninety days. Company insiders own 13.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Capital set a $22.00 target price on shares of Core Molding Technologies in a research report on Wednesday.

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.