BNP Paribas Financial Markets Sells 1,909 Shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

BNP Paribas Financial Markets cut its position in shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 14.0% in the third quarter, Holdings Channel.com reports. The firm owned 11,701 shares of the industrial products company’s stock after selling 1,909 shares during the quarter. BNP Paribas Financial Markets’ holdings in Core Molding Technologies were worth $201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. American Century Companies Inc. grew its position in shares of Core Molding Technologies by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company’s stock valued at $2,821,000 after acquiring an additional 28,376 shares during the period. Acadian Asset Management LLC raised its holdings in Core Molding Technologies by 34.9% in the 2nd quarter. Acadian Asset Management LLC now owns 63,876 shares of the industrial products company’s stock valued at $1,017,000 after buying an additional 16,516 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Core Molding Technologies by 9.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 168,168 shares of the industrial products company’s stock valued at $2,681,000 after buying an additional 14,181 shares during the period. LSV Asset Management purchased a new stake in Core Molding Technologies during the 2nd quarter worth approximately $36,000. Finally, Tieton Capital Management LLC raised its position in Core Molding Technologies by 151.9% in the 2nd quarter. Tieton Capital Management LLC now owns 177,521 shares of the industrial products company’s stock valued at $2,830,000 after purchasing an additional 107,041 shares in the last quarter. 58.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO David L. Duvall sold 2,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $16.55, for a total value of $33,100.00. Following the completion of the transaction, the chief executive officer now directly owns 284,381 shares of the company’s stock, valued at $4,706,505.55. This trade represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John P. Zimmer sold 7,600 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $17.78, for a total value of $135,128.00. Following the sale, the chief financial officer now directly owns 107,959 shares of the company’s stock, valued at $1,919,511.02. This represents a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,600 shares of company stock valued at $184,698 in the last quarter. Company insiders own 13.10% of the company’s stock.

Core Molding Technologies Stock Performance

CMT stock opened at $16.12 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.41 and a quick ratio of 1.98. Core Molding Technologies, Inc. has a fifty-two week low of $14.64 and a fifty-two week high of $21.00. The company has a market cap of $144.44 million, a P/E ratio of 9.11 and a beta of 1.75.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $71.57 million. Analysts forecast that Core Molding Technologies, Inc. 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.