15,015 Shares in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Acquired by Sierra Summit Advisors LLC

Key Points

• Sierra Summit Advisors LLC has acquired 15,015 shares of M-tron Industries, valued at approximately $669,000, representing about 0.52% of the company's stock.
• Institutional investors now own 23.31% of M-tron Industries, with several including Bank of America and Lazard Asset Management recently increasing their stakes.
• M-tron Industries' stock price opened at $43.60 and has a market cap of $127.31 million, with a 52-week range between $28.72 and $71.10.

Sierra Summit Advisors LLC acquired a new position in M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,015 shares of the company's stock, valued at approximately $669,000. Sierra Summit Advisors LLC owned about 0.52% of M-tron Industries at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC purchased a new stake in M-tron Industries in the fourth quarter worth approximately $81,000. Bank of America Corp DE boosted its stake in M-tron Industries by 152.7% in the fourth quarter. Bank of America Corp DE now owns 4,596 shares of the company's stock worth $223,000 after buying an additional 2,777 shares in the last quarter. XTX Topco Ltd purchased a new stake in M-tron Industries in the first quarter worth approximately $223,000. Northern Trust Corp purchased a new stake in M-tron Industries in the fourth quarter worth approximately $225,000. Finally, Janney Montgomery Scott LLC boosted its stake in M-tron Industries by 33.9% in the first quarter. Janney Montgomery Scott LLC now owns 6,619 shares of the company's stock worth $295,000 after buying an additional 1,674 shares in the last quarter. 23.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at M-tron Industries

In related news, President William Arnold Drafts acquired 1,000 shares of the company's stock in a transaction dated Friday, June 27th. The stock was purchased at an average price of $40.50 per share, with a total value of $40,500.00. Following the completion of the purchase, the president owned 11,008 shares in the company, valued at $445,824. This trade represents a 9.99% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.60% of the company's stock.

M-tron Industries Stock Performance

NYSEAMERICAN:MPTI opened at $43.60 on Friday. The firm has a market cap of $127.31 million, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.66 and a beta of 0.69. M-tron Industries, Inc. has a fifty-two week low of $28.72 and a fifty-two week high of $71.10. The business has a 50 day moving average price of $42.64 and a 200-day moving average price of $46.88.

M-tron Industries 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.

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