Tieton Capital Management LLC Acquires 67,800 Shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Tieton Capital Management LLC boosted its position in shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 24.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 349,836 shares of the industrial products company’s stock after purchasing an additional 67,800 shares during the period. Core Molding Technologies comprises 2.3% of Tieton Capital Management LLC’s holdings, making the stock its 21st biggest holding. Tieton Capital Management LLC’s holdings in Core Molding Technologies were worth $5,786,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CMT. American Century Companies Inc. lifted its position in Core Molding Technologies by 0.6% during the fourth quarter. American Century Companies Inc. now owns 198,994 shares of the industrial products company’s stock valued at $3,291,000 after acquiring an additional 1,191 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Core Molding Technologies by 3.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 154,604 shares of the industrial products company’s stock worth $2,557,000 after purchasing an additional 5,284 shares during the last quarter. Inspire Advisors LLC raised its holdings in shares of Core Molding Technologies by 38.4% during the fourth quarter. Inspire Advisors LLC now owns 26,214 shares of the industrial products company’s stock worth $434,000 after purchasing an additional 7,275 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Core Molding Technologies in the fourth quarter valued at $676,000. Finally, White Pine Capital LLC purchased a new position in Core Molding Technologies in the fourth quarter valued at $256,000. 58.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 14,171 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $16.54, for a total value of $234,388.34. Following the sale, the chief executive officer now directly owns 243,341 shares of the company’s stock, valued at approximately $4,024,860.14. This represents a 5.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 13.10% of the stock is currently owned by company insiders.

Core Molding Technologies Stock Performance

CMT opened at $14.96 on Monday. The stock has a market cap of $134.04 million, a P/E ratio of 8.45 and a beta of 1.74. Core Molding Technologies, Inc. has a twelve month low of $12.25 and a twelve month high of $21.00. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14.

Wall Street Analysts Forecast Growth

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

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.