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

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

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 stock was bought at an average price of $14.01 per share, for a total transaction of $14,010.00.

Core Molding Technologies Stock Performance

Shares of CMT stock opened at $15.13 on Friday. The stock has a market capitalization of $135.56 million, a P/E ratio of 8.55 and a beta of 1.74. Core Molding Technologies, Inc. has a 52-week low of $12.25 and a 52-week high of $21.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.41.

Hedge Funds Weigh In On Core Molding Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP increased its position in Core Molding Technologies by 7.2% during the 3rd quarter. Royce & Associates LP now owns 149,244 shares of the industrial products company’s stock worth $2,568,000 after purchasing an additional 10,000 shares during the period. Empowered Funds LLC increased its position in Core Molding Technologies by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 36,182 shares of the industrial products company’s stock worth $623,000 after purchasing an additional 1,742 shares during the period. Tieton Capital Management LLC increased its position in Core Molding Technologies by 58.9% during the 3rd quarter. Tieton Capital Management LLC now owns 282,036 shares of the industrial products company’s stock worth $4,854,000 after purchasing an additional 104,515 shares during the period. MetLife Investment Management LLC increased its position in Core Molding Technologies by 131.0% during the 3rd quarter. MetLife Investment Management LLC now owns 4,460 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 2,529 shares during the period. Finally, Walleye Capital LLC acquired a new position in Core Molding Technologies during the 3rd quarter worth approximately $195,000. Institutional investors and hedge funds own 58.79% of the company’s stock.

Wall Street Analyst Weigh In

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.