Essex Investment Management Co. LLC Takes $418,000 Position in Core Molding Technologies, Inc. (CMT)
Essex Investment Management Co. LLC acquired a new position in shares of Core Molding Technologies, Inc. (NYSEMKT:CMT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,032 shares of the industrial products company’s stock, valued at approximately $418,000. Essex Investment Management Co. LLC owned about 0.24% of Core Molding Technologies as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in Core Molding Technologies by 1,757.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,202 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 4,922 shares during the last quarter. Strs Ohio bought a new stake in Core Molding Technologies during the 2nd quarter worth $144,000. New York State Common Retirement Fund bought a new stake in shares of Core Molding Technologies in the 2nd quarter valued at about $171,000. Eagle Global Advisors LLC bought a new stake in shares of Core Molding Technologies in the 2nd quarter valued at about $219,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Core Molding Technologies in the 2nd quarter valued at about $268,000.
Shares of Core Molding Technologies, Inc. (CMT) opened at $21.25 on Monday. Core Molding Technologies, Inc. has a 52-week low of $13.60 and a 52-week high of $24.50.
Core Molding Technologies (NYSEMKT:CMT) last released its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.11 EPS for the quarter. Core Molding Technologies had a return on equity of 3.37% and a net margin of 2.22%. The firm had revenue of $38.49 million for the quarter.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Friday, November 17th will be given a $0.05 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.94%.
Separately, TheStreet lowered Core Molding Technologies from a “b” rating to a “c+” rating in a research report on Thursday.
In other Core Molding Technologies news, Director James F. Crowley sold 3,375 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $21.65, for a total value of $73,068.75. Following the sale, the director now owns 14,339 shares in the company, valued at approximately $310,439.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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About Core Molding Technologies
Core Molding Technologies, Inc is a manufacturer of sheet molding compound (SMC) and molder of fiberglass reinforced plastics. The Company along with its subsidiaries operates in the plastics market in a family of products known as reinforced plastics. It operates through manufacturing of SMC and molder of fiberglass reinforced plastics segment.
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