Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 34,700 shares, a decline of 12.6% from the January 15th total of 39,700 shares. Based on an average daily trading volume, of 21,600 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.5% of the company’s shares are sold short.
In other news, Director Matthew Jauchius acquired 13,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was acquired at an average cost of $3.55 per share, with a total value of $46,150.00. Following the completion of the purchase, the director now owns 49,563 shares of the company’s stock, valued at approximately $175,948.65. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders bought 23,000 shares of company stock valued at $77,050 over the last ninety days.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Stifel Financial Corp purchased a new stake in Core Molding Technologies during the 4th quarter worth about $38,000. Clearstead Advisors LLC purchased a new stake in Core Molding Technologies during the 4th quarter worth about $163,000. BlackRock Inc. lifted its holdings in Core Molding Technologies by 4.0% during the 2nd quarter. BlackRock Inc. now owns 58,963 shares of the industrial products company’s stock worth $441,000 after buying an additional 2,284 shares during the last quarter. Essex Investment Management Co. LLC lifted its holdings in Core Molding Technologies by 28.4% during the 3rd quarter. Essex Investment Management Co. LLC now owns 89,868 shares of the industrial products company’s stock worth $576,000 after buying an additional 19,867 shares during the last quarter. Finally, Wilen Investment Management CORP. lifted its holdings in Core Molding Technologies by 51.7% during the 4th quarter. Wilen Investment Management CORP. now owns 106,122 shares of the industrial products company’s stock worth $318,000 after buying an additional 36,163 shares during the last quarter.
Core Molding Technologies (NYSEAMERICAN:CMT) last released its earnings results on Monday, November 18th. The industrial products company reported ($0.37) earnings per share (EPS) for the quarter. The company had revenue of $74.66 million during the quarter.
Core Molding Technologies Company Profile
Core Molding Technologies, Inc, together with its subsidiaries, manufactures sheet molding compound (SMC) and molder of thermoset and thermoplastic products. It specializes in large-format moldings and offers a range of fiberglass processes, including compression molding of SMC, glass mat thermoplastics, bulk molding compounds, and direct long-fiber thermoplastics; and spray-up, hand lay-up, resin transfer molding, structural foam and structural Web injection molding, reaction injection molding, and utilizing dicyclopentadiene technology.
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