Hillsdale Investment Management Inc. Decreases Holdings in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Hillsdale Investment Management Inc. reduced its position in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 33.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 89,174 shares of the industrial products company’s stock after selling 44,376 shares during the period. Hillsdale Investment Management Inc. owned 0.97% of Core Molding Technologies worth $1,688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new position in shares of Core Molding Technologies during the 4th quarter worth $27,000. Tower Research Capital LLC TRC grew its stake in Core Molding Technologies by 82.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 797 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Core Molding Technologies in the third quarter valued at approximately $125,000. Dynamic Technology Lab Private Ltd acquired a new position in Core Molding Technologies in the fourth quarter valued at approximately $212,000. Finally, Jump Financial LLC raised its holdings in shares of Core Molding Technologies by 62.7% during the fourth quarter. Jump Financial LLC now owns 11,879 shares of the industrial products company’s stock valued at $220,000 after buying an additional 4,579 shares during the last quarter. 58.79% of the stock is owned by hedge funds and other institutional investors.

Core Molding Technologies Stock Up 1.4 %

NYSEAMERICAN CMT traded up $0.24 on Monday, hitting $17.42. 38,186 shares of the company were exchanged, compared to its average volume of 46,609. Core Molding Technologies, Inc. has a 12 month low of $14.64 and a 12 month high of $30.09. The firm has a market cap of $159.22 million, a PE ratio of 8.38 and a beta of 1.69. The company has a quick ratio of 1.88, a current ratio of 2.44 and a debt-to-equity ratio of 0.15.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its earnings results on Tuesday, May 7th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.17. Core Molding Technologies had a net margin of 5.42% and a return on equity of 13.63%. The business had revenue of $78.15 million during the quarter, compared to analyst estimates of $78.69 million. As a group, sell-side analysts forecast that Core Molding Technologies, Inc. will post 1.6 earnings per share for the current fiscal year.

Insider Activity

In other Core Molding Technologies news, Director Ralph O. Hellmold sold 1,696 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $19.17, for a total value of $32,512.32. Following the sale, the director now owns 33,248 shares in the company, valued at $637,364.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Core Molding Technologies news, Director Ralph O. Hellmold sold 1,696 shares of Core Molding Technologies stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $19.17, for a total value of $32,512.32. Following the transaction, the director now owns 33,248 shares in the company, valued at $637,364.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David L. Duvall sold 17,513 shares of Core Molding Technologies stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $20.25, for a total value of $354,638.25. Following the completion of the transaction, the chief executive officer now owns 389,577 shares in the company, valued at approximately $7,888,934.25. The disclosure for this sale can be found here. Insiders sold 42,726 shares of company stock valued at $850,887 in the last quarter. 13.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Core Molding Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 29th.

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.