Herald Investment Management Ltd Takes Position in M-tron Industries, Inc. (NYSEAMERICAN:MPTI)

Key Points

• Herald Investment Management Ltd invested $1.53 million in M-tron Industries, acquiring 35,000 shares and owning 1.20% of the company by the end of the latest reporting period.
• In addition, other institutional investors like Bank of America significantly increased their stakes, indicating growing interest in M-tron Industries.
• The stock of M-tron Industries recently opened at $44.95 and has experienced a 1.2% decline, with a market capitalization of $131.25 million.

Herald Investment Management Ltd bought a new position in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 35,000 shares of the company's stock, valued at approximately $1,530,000. Herald Investment Management Ltd owned about 1.20% of M-tron Industries at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new stake in shares of M-tron Industries in the 4th quarter valued at $81,000. Bank of America Corp DE boosted its stake in shares of M-tron Industries by 152.7% in the 4th quarter. Bank of America Corp DE now owns 4,596 shares of the company's stock valued at $223,000 after purchasing an additional 2,777 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of M-tron Industries in the 1st quarter valued at $223,000. Northern Trust Corp bought a new position in M-tron Industries during the fourth quarter worth $225,000. Finally, Janney Montgomery Scott LLC boosted its stake in 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 acquiring an additional 1,674 shares in the last quarter. 23.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, President William Arnold Drafts bought 1,000 shares of the stock in a transaction dated Friday, June 27th. The stock was bought at an average price of $40.50 per share, for a total transaction of $40,500.00. Following the completion of the acquisition, the president directly owned 11,008 shares in the company, valued at approximately $445,824. This trade represents a 9.99% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.60% of the company's stock.

M-tron Industries Stock Down 3.0%

MPTI traded down $1.35 during trading on Friday, hitting $43.60. 49,232 shares of the company's stock were exchanged, compared to its average volume of 48,393. The business's 50 day moving average is $42.64 and its two-hundred day moving average is $46.86. M-tron Industries, Inc. has a fifty-two week low of $28.72 and a fifty-two week high of $71.10. The stock has a market cap of $127.31 million, a P/E ratio of 15.97, a PEG ratio of 0.64 and a beta of 0.69.

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.