Core Molding Technologies Inc $CMT Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in Core Molding Technologies Inc (NYSEAMERICAN:CMT) by 13.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 69,715 shares of the industrial products company’s stock after selling 10,444 shares during the period. Allspring Global Investments Holdings LLC owned about 0.75% of Core Molding Technologies worth $1,157,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in Core Molding Technologies by 8.2% in the first quarter. Bank of New York Mellon Corp now owns 24,888 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 1,881 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of Core Molding Technologies by 23.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 83,591 shares of the industrial products company’s stock worth $1,271,000 after acquiring an additional 15,844 shares during the period. Bailard Inc. acquired a new stake in shares of Core Molding Technologies in the first quarter worth approximately $291,000. Diamond Hill Capital Management Inc. grew its holdings in Core Molding Technologies by 18.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 182,452 shares of the industrial products company’s stock valued at $2,773,000 after purchasing an additional 27,848 shares during the period. Finally, Inspire Advisors LLC increased its position in Core Molding Technologies by 3.3% during the first quarter. Inspire Advisors LLC now owns 27,085 shares of the industrial products company’s stock worth $412,000 after purchasing an additional 871 shares during the last quarter. Hedge funds and other institutional investors own 58.79% of the company’s stock.

Insider Transactions at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $20.32, for a total transaction of $1,016,000.00. Following the completion of the sale, the chief executive officer directly owned 148,780 shares in the company, valued at $3,023,209.60. The trade was a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew Jauchius sold 6,020 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $19.84, for a total transaction of $119,436.80. Following the completion of the sale, the director directly owned 51,522 shares of the company’s stock, valued at $1,022,196.48. The trade was a 10.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,020 shares of company stock worth $1,323,561. 10.00% of the stock is currently owned by company insiders.

Core Molding Technologies Stock Up 2.1%

Shares of CMT opened at $19.19 on Thursday. The firm has a market cap of $170.02 million, a PE ratio of 17.77 and a beta of 0.88. The company’s fifty day moving average is $19.57 and its two-hundred day moving average is $17.34. Core Molding Technologies Inc has a fifty-two week low of $12.25 and a fifty-two week high of $22.29. The company has a quick ratio of 2.36, a current ratio of 2.85 and a debt-to-equity ratio of 0.12.

Core Molding Technologies 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.