Bard Associates Inc. Purchases Shares of 44,578 M-tron Industries, Inc. $MPTI

Key Points

• Bard Associates acquired 44,578 shares of M-tron Industries in the second quarter, worth approximately $4.42 million and representing a 1.03% stake. Institutional investors and hedge funds collectively own 23.31% of the company.
• M-tron reported quarterly earnings of $0.43 per share, missing the $0.53 consensus estimate, while revenue of $15.11 million exceeded expectations of $14.75 million. Analysts expect full-year earnings of $2.17 per share.
• MPTI shares opened at $81.01, below their 50-day average of $87.33 but above their 200-day average of $76.80. Despite mixed analyst actions, the stock carries a consensus “Moderate Buy” rating.

Bard Associates Inc. acquired a new position in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 44,578 shares of the company's stock, valued at approximately $4,420,000. Bard Associates Inc. owned 1.03% of M-tron Industries at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in shares of M-tron Industries during the fourth quarter worth approximately $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in M-tron Industries during the third quarter worth about $63,000. Los Angeles Capital Management LLC acquired a new stake in M-tron Industries in the 4th quarter worth about $89,000. Deutsche Bank AG boosted its holdings in M-tron Industries by 2,341.4% in the 4th quarter. Deutsche Bank AG now owns 1,709 shares of the company's stock valued at $91,000 after purchasing an additional 1,639 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of M-tron Industries by 43.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,847 shares of the company's stock worth $152,000 after purchasing an additional 869 shares in the last quarter. 23.31% of the stock is currently owned by institutional investors and hedge funds.

M-tron Industries Stock Performance

Shares of NYSEAMERICAN MPTI opened at $81.01 on Friday. The company's 50 day moving average price is $87.33 and its 200-day moving average price is $76.80. M-tron Industries, Inc. has a 52-week low of $43.39 and a 52-week high of $104.85. The company has a market capitalization of $352.39 million, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 1.49 and a beta of 0.77.

M-tron Industries (NYSEAMERICAN:MPTI - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.10). The business had revenue of $15.11 million for the quarter, compared to the consensus estimate of $14.75 million. M-tron Industries had a net margin of 16.35% and a return on equity of 13.03%. Analysts forecast that M-tron Industries, Inc. will post 2.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on MPTI. Zacks Research upgraded M-tron Industries from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. Freedom Capital downgraded M-tron Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

About M-tron Industries

M-tron Industries, Inc (NYSE American: MPTI) is a designer and manufacturer of high‐performance electromechanical motion control and power transmission systems. The company specializes in the development of precision motors, digital servo controllers, and rotary electrical interfaces that enable smooth, reliable operation in demanding environments. Its core offerings include frameless torque motors, brushless DC motors, multi‐circuit slip ring assemblies, and custom motor/controller packages tailored to specific customer requirements.

These products serve a diverse array of end markets, including defense and aerospace, industrial automation, robotics, medical imaging, and energy generation.

Want to see what other hedge funds are holding MPTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source