Insider Selling: M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Director Sells 1,600 Shares of Stock

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Director Ivan Arteaga sold 1,600 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $50.66, for a total value of $81,056.00. Following the completion of the sale, the director now directly owns 364 shares of the company’s stock, valued at approximately $18,440.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ivan Arteaga also recently made the following trade(s):

• On Friday, October 11th, Ivan Arteaga sold 400 shares of M-tron Industries stock. The stock was sold at an average price of $49.41, for a total value of $19,764.00.

M-tron Industries Stock Up 1.5 %

Shares of MPTI stock opened at $49.99 on Thursday. M-tron Industries, Inc. has a 12-month low of $20.90 and a 12-month high of $53.04. The company has a market cap of $140.47 million, a PE ratio of 28.40, a price-to-earnings-growth ratio of 0.72 and a beta of 0.72.

M-tron Industries (NYSEAMERICAN:MPTI) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.13. M-tron Industries had a return on equity of 23.56% and a net margin of 10.95%. The company had revenue of $11.81 million during the quarter, compared to the consensus estimate of $11.20 million. On average, equities research analysts expect that M-tron Industries, Inc. will post 2.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MPTI. Truvestments Capital LLC bought a new stake in M-tron Industries in the first quarter valued at about $165,000. CreativeOne Wealth LLC acquired a new position in M-tron Industries in the first quarter valued at approximately $210,000. O Shaughnessy Asset Management LLC boosted its position in shares of M-tron Industries by 4.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 8,466 shares of the company’s stock worth $254,000 after buying an additional 357 shares during the period. Vanguard Group Inc. boosted its position in shares of M-tron Industries by 59.9% during the first quarter. Vanguard Group Inc. now owns 87,966 shares of the company’s stock worth $2,639,000 after buying an additional 32,964 shares during the period. Finally, Avantax Advisory Services Inc. acquired a new stake in M-tron Industries in the first quarter worth approximately $361,000. Institutional investors and hedge funds own 23.31% of the company’s stock.

M-tron Industries Company Profile

M-tron Industries, Inc engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company's products include radio frequency, microwave, and millimeter wave filters; cavity, crystal, ceramic, lumped element, and switched filters; high frequency and performance OCXOs, integrated PLL OCXOs, TCXOs, VCXOs, and low jitter and harsh environment oscillators; crystal resonators, integrated microwave assemblies; and solid-state power amplifier products.