Palisades Investment Partners LLC boosted its stake in M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,960 shares of the company's stock after acquiring an additional 5,640 shares during the period. M-tron Industries comprises approximately 1.3% of Palisades Investment Partners LLC's portfolio, making the stock its 27th largest position. Palisades Investment Partners LLC owned approximately 2.16% of M-tron Industries worth $3,049,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in shares of M-tron Industries in the fourth quarter valued at about $239,000. American Century Companies Inc. purchased a new stake in shares of M-tron Industries in the fourth quarter valued at about $474,000. Barclays PLC purchased a new stake in shares of M-tron Industries in the third quarter valued at about $114,000. Illumine Investment Management LLC purchased a new stake in shares of M-tron Industries in the fourth quarter valued at about $1,134,000. Finally, Walleye Capital LLC purchased a new stake in shares of M-tron Industries in the fourth quarter valued at about $1,844,000. 23.31% of the stock is owned by hedge funds and other institutional investors.
M-tron Industries Trading Up 1.1%
Shares of M-tron Industries stock traded up $0.51 on Friday, reaching $45.55. 50,201 shares of the stock were exchanged, compared to its average volume of 68,149. M-tron Industries, Inc. has a 1-year low of $14.36 and a 1-year high of $60.00. The business has a fifty day moving average price of $48.64 and a two-hundred day moving average price of $50.28. The firm has a market capitalization of $132.55 million, a PE ratio of 22.78, a PEG ratio of 0.69 and a beta of 1.20.
M-tron Industries Company Profile
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Free Report)
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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