Millennium Management LLC Invests $337,000 in M-tron Industries, Inc. (NYSEAMERICAN:MPTI)

Millennium Management LLC purchased a new position in M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,961 shares of the company's stock, valued at approximately $337,000. Millennium Management LLC owned about 0.24% of M-tron Industries at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MPTI. Janney Montgomery Scott LLC purchased a new stake in M-tron Industries in the fourth quarter valued at $239,000. Jane Street Group LLC purchased a new stake in M-tron Industries during the 4th quarter worth about $414,000. American Century Companies Inc. purchased a new stake in M-tron Industries during the 4th quarter worth about $474,000. Lazard Asset Management LLC acquired a new position in shares of M-tron Industries during the 4th quarter worth about $81,000. Finally, Northern Trust Corp acquired a new position in shares of M-tron Industries during the 4th quarter worth about $225,000. Institutional investors and hedge funds own 23.31% of the company's stock.

M-tron Industries Trading Down 1.5%

Shares of NYSEAMERICAN MPTI traded down $0.68 during trading hours on Friday, reaching $45.33. The stock had a trading volume of 63,479 shares, compared to its average volume of 66,875. The firm has a market cap of $131.91 million, a price-to-earnings ratio of 22.67, a PEG ratio of 0.69 and a beta of 1.20. M-tron Industries, Inc. has a fifty-two week low of $14.36 and a fifty-two week high of $60.00. The firm has a 50-day moving average of $49.86 and a 200-day moving average of $50.85.

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.