Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Eric Palomaki Acquires 1,000 Shares of Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Eric Palomaki acquired 1,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of $13.99 per share, with a total value of $13,990.00. Following the acquisition, the executive vice president now owns 160,244 shares of the company’s stock, valued at $2,241,813.56. This trade represents a 0.63 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 acquired at an average cost of $14.01 per share, with a total value of $14,010.00.

Core Molding Technologies Price Performance

NYSEAMERICAN CMT traded up $0.07 on Wednesday, hitting $14.42. 2,240 shares of the company were exchanged, compared to its average volume of 39,657. Core Molding Technologies, Inc. has a twelve month low of $12.25 and a twelve month high of $21.00. The company has a market cap of $129.24 million, a PE ratio of 8.15 and a beta of 1.74. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14.

Analyst Upgrades and Downgrades

Separately, Roth Capital set a $22.00 price objective on Core Molding Technologies in a research note on Wednesday, March 12th.

Institutional Trading of Core Molding Technologies

Several large investors have recently added to or reduced their stakes in the company. MetLife Investment Management LLC grew its holdings in shares of Core Molding Technologies by 131.0% during the third quarter. MetLife Investment Management LLC now owns 4,460 shares of the industrial products company’s stock valued at $77,000 after buying an additional 2,529 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Core Molding Technologies by 99.2% in the 4th quarter. Deutsche Bank AG now owns 6,380 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 3,177 shares during the period. Barclays PLC lifted its position in shares of Core Molding Technologies by 278.9% in the third quarter. Barclays PLC now owns 9,942 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 7,318 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Core Molding Technologies during the fourth quarter worth approximately $189,000. Finally, Walleye Capital LLC purchased a new position in Core Molding Technologies during the third quarter valued at approximately $195,000. 58.79% of the stock is owned by institutional investors and hedge funds.

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.