Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Short Interest Up 6.4% in November

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 183,700 shares, an increase of 6.4% from the October 31st total of 172,700 shares. Based on an average daily trading volume, of 36,100 shares, the short-interest ratio is presently 5.1 days. Currently, 2.3% of the company’s shares are sold short.

Insiders Place Their Bets

In other news, CFO John P. Zimmer sold 7,600 shares of the firm’s 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 of the company’s stock, valued at $1,919,511.02. This trade represents a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 9,291 shares of company stock worth $165,666. Insiders own 13.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC bought a new stake in Core Molding Technologies in the 2nd quarter valued at $27,000. LSV Asset Management bought a new stake in Core Molding Technologies in the 2nd quarter valued at $36,000. MetLife Investment Management LLC boosted its stake in Core Molding Technologies by 131.0% in the 3rd quarter. MetLife Investment Management LLC now owns 4,460 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 2,529 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Core Molding Technologies in the 1st quarter valued at $155,000. Finally, Barclays PLC raised its holdings in Core Molding Technologies by 278.9% in the 3rd quarter. Barclays PLC now owns 9,942 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 7,318 shares in the last quarter. 58.79% of the stock is currently owned by institutional investors.

Core Molding Technologies Price Performance

NYSEAMERICAN:CMT opened at $17.01 on Thursday. The company has a market cap of $152.41 million, a price-to-earnings ratio of 9.61 and a beta of 1.75. Core Molding Technologies has a twelve month low of $14.64 and a twelve month high of $21.00. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14.

Core Molding Technologies (NYSEAMERICAN:CMT) last posted 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 firm had revenue of $72.99 million for the quarter, compared to analyst estimates of $71.57 million. Sell-side analysts anticipate that Core Molding Technologies will post 1.64 EPS for the current fiscal year.

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.