Ivan Arteaga Sells 400 Shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Stock

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Director Ivan Arteaga sold 400 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $49.41, for a total transaction of $19,764.00. Following the sale, the director now directly owns 1,964 shares of the company’s stock, valued at $97,041.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, October 14th, Ivan Arteaga sold 1,600 shares of M-tron Industries stock. The stock was sold at an average price of $50.66, for a total transaction of $81,056.00.

M-tron Industries Trading Down 5.4 %

Shares of MPTI traded down $2.79 during midday trading on Tuesday, hitting $49.25. 46,614 shares of the company’s stock traded hands, compared to its average volume of 48,290. The firm has a market cap of $138.39 million, a PE ratio of 27.98, a P/E/G ratio of 0.72 and a beta of 0.72. M-tron Industries, Inc. has a 1 year low of $20.90 and a 1 year high of $53.04.

M-tron Industries (NYSEAMERICAN:MPTI) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.13. The company had revenue of $11.81 million during the quarter, compared to analysts’ expectations of $11.20 million. M-tron Industries had a return on equity of 23.56% and a net margin of 10.95%. As a group, research analysts forecast that M-tron Industries, Inc. will post 2.26 EPS for the current year.

Hedge Funds Weigh In On M-tron Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its stake in M-tron Industries by 4.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,466 shares of the company’s stock worth $254,000 after acquiring an additional 357 shares during the last quarter. Truvestments Capital LLC purchased a new stake in M-tron Industries during the 1st quarter valued at about $165,000. CreativeOne Wealth LLC acquired a new position in shares of M-tron Industries in the first quarter valued at about $210,000. Avantax Advisory Services Inc. purchased a new position in shares of M-tron Industries in the first quarter worth about $361,000. Finally, Vanguard Group Inc. raised its stake in shares of M-tron Industries by 59.9% in the first quarter. Vanguard Group Inc. now owns 87,966 shares of the company’s stock worth $2,639,000 after purchasing an additional 32,964 shares during the last quarter. 23.31% of the stock is owned by hedge funds and other institutional investors.

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.