Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Shares Purchased by Tieton Capital Management LLC

Tieton Capital Management LLC boosted its stake in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 58.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 282,036 shares of the industrial products company’s stock after purchasing an additional 104,515 shares during the period. Core Molding Technologies makes up about 2.5% of Tieton Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. Tieton Capital Management LLC owned approximately 3.15% of Core Molding Technologies worth $4,854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CMT. Ashton Thomas Private Wealth LLC bought a new position in shares of Core Molding Technologies during the second quarter worth about $27,000. LSV Asset Management bought a new position in Core Molding Technologies in the second quarter worth about $36,000. Public Employees Retirement System of Ohio bought a new position in Core Molding Technologies in the first quarter worth about $155,000. Rhumbline Advisers lifted its holdings in Core Molding Technologies by 8.4% in the second quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock worth $178,000 after acquiring an additional 866 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Core Molding Technologies by 4.9% in the first quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 593 shares during the last quarter. 58.79% of the stock is currently owned by institutional investors and hedge funds.

Core Molding Technologies Stock Performance

Core Molding Technologies stock opened at $17.55 on Friday. The firm has a market cap of $157.20 million, a PE ratio of 9.54 and a beta of 1.69. Core Molding Technologies, Inc. has a 12 month low of $14.64 and a 12 month 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.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. The firm had revenue of $72.99 million during the quarter, compared to analysts’ expectations of $71.57 million. On average, analysts forecast that Core Molding Technologies, Inc. will post 1.64 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 29th.

Insider Activity

In related news, CFO John P. Zimmer sold 13,653 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $18.30, for a total value of $249,849.90. Following the completion of the transaction, the chief financial officer now owns 115,559 shares of the company’s stock, valued at $2,114,729.70. This represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 15,749 shares of company stock valued at $287,678. Insiders own 13.10% of the company’s stock.

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.