Core Molding Technologies, Inc. (CMT) Insider Lowers Holdings In The Company

Core Molding Technologies, Inc. (NYSEMKT:CMT), saw an insider continue to sell stock in the corporation. VP of Marketing and Sales, James Terrance O’Donovan disposed of 1,353 shares of common stock at an average price of $12.675 per share.

After this transaction, O’Donovan now directly holds 57,877 shares in the company. As well, this is not O’Donovans first transaction of this sort; in April he dumped over 1,900 shares in Core Molding Technologies, Inc. (NYSEMKT:CMT), the $97.84 million market cap manufacturer of sheet molding compound (SMC) and molder of fiberglass reinforced plastics.

Moreover, multiple hedge funds have changed their positioning with the company recently. Mario Gabelli‘s Gamco Investors lowered it’s activity by 2% last quarter, and now holds 413,500 shares worth about $5.2 million; and Renaissance Technologies, the hedge fund controlled by Jim Simons, reported a 15% rise in it’s holdings with Core Molding Technologies, Inc. (NYSEMKT:CMT) over the last quarter, now holding 250,000 shares worth approximately $3.1 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.