Gamco Investors INC. ET AL Has $6.61 Million Stake in M-tron Industries, Inc. $MPTI

Key Points

• Gamco Investors INC. ET AL reduced its position in M-tron Industries, Inc. by 4.1%, owning 148,300 shares after selling 6,400 shares, which represents a value of $6,605,000.
• Other institutional investors, including Marshall Wace LLP and Boothbay Fund Management LLC, have recently increased their stakes in M-tron Industries during the fourth quarter.
• M-tron Industries has a market cap of $131.40 million, with a current stock price of $45.00 and a reported 1-year trading range between $33.00 and $71.10.

Gamco Investors INC. ET AL trimmed its holdings in M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Free Report) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 148,300 shares of the company's stock after selling 6,400 shares during the period. Gamco Investors INC. ET AL owned about 5.10% of M-tron Industries worth $6,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Illumine Investment Management LLC grew its stake in M-tron Industries by 2.5% in the first quarter. Illumine Investment Management LLC now owns 23,994 shares of the company's stock valued at $1,069,000 after acquiring an additional 584 shares during the period. American Century Companies Inc. boosted its position in shares of M-tron Industries by 16.5% during the first quarter. American Century Companies Inc. now owns 11,418 shares of the company's stock worth $509,000 after buying an additional 1,621 shares during the period. AlphaQuest LLC acquired a new position in shares of M-tron Industries during the first quarter worth about $73,000. Lazard Asset Management LLC acquired a new position in shares of M-tron Industries during the fourth quarter worth about $81,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of M-tron Industries by 33.9% during 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 during the period. 23.31% of the stock is owned by institutional investors and hedge funds.

M-tron Industries Trading Down 0.9%

Shares of MPTI stock traded down $0.42 on Monday, hitting $44.98. 13,698 shares of the stock were exchanged, compared to its average volume of 43,117. The firm has a market capitalization of $131.34 million, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 0.70 and a beta of 0.69. The business has a 50-day moving average of $42.36 and a 200 day moving average of $45.72. M-tron Industries, Inc. has a fifty-two week low of $33.00 and a fifty-two week high of $71.10.

Insider Buying and Selling at M-tron Industries

In other news, President William Arnold Drafts acquired 1,000 shares of M-tron Industries stock in a transaction dated Friday, June 27th. The stock was bought at an average cost of $40.50 per share, with a total value of $40,500.00. Following the completion of the transaction, the president directly owned 11,008 shares of the company's stock, valued at approximately $445,824. This represents a 9.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.60% of the stock is owned by corporate insiders.

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.