Truvestments Capital LLC Decreases Position in M-tron Industries, Inc. $MPTI

Key Points

• Truvestments Capital LLC has reduced its stake in M-tron Industries by **75%**, selling 6,291 shares and now holding only 2,096 shares, valued at approximately $93,000.
• Insider activity shows President William Arnold Drafts purchased **1,000 shares** at $40.50 each, increasing his ownership by **9.99%**, for a total value of around $445,824.
• Institutional investors currently own **23.31%** of M-tron Industries, with Bank of America Corp DE increasing its stake by **152.7%** to hold 4,596 shares valued at $223,000.

Truvestments Capital LLC reduced its position in M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Free Report) by 75.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,096 shares of the company's stock after selling 6,291 shares during the quarter. Truvestments Capital LLC owned 0.07% of M-tron Industries worth $93,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP raised its holdings in shares of M-tron Industries by 30.5% in the fourth quarter. Marshall Wace LLP now owns 13,337 shares of the company's stock worth $646,000 after buying an additional 3,118 shares during the period. Boothbay Fund Management LLC bought a new position in M-tron Industries in the 4th quarter valued at $404,000. Northern Trust Corp purchased a new stake in M-tron Industries in the fourth quarter worth $225,000. Jane Street Group LLC bought a new position in shares of M-tron Industries in the fourth quarter worth about $414,000. Finally, 683 Capital Management LLC bought a new position in shares of M-tron Industries in the fourth quarter worth about $599,000. Institutional investors own 23.31% of the company's stock.

M-tron Industries Stock Performance

M-tron Industries stock traded down $0.58 during trading hours on Tuesday, hitting $44.40. The company had a trading volume of 20,170 shares, compared to its average volume of 53,538. M-tron Industries, Inc. has a 1 year low of $33.00 and a 1 year high of $71.10. The firm has a market cap of $129.64 million, a P/E ratio of 17.04, a P/E/G ratio of 0.70 and a beta of 0.69. The company has a 50-day moving average price of $42.46 and a two-hundred day moving average price of $45.65.

Insider Buying and Selling at M-tron Industries

In other news, President William Arnold Drafts purchased 1,000 shares of the company's stock in a transaction dated Friday, June 27th. The shares were acquired at an average price of $40.50 per share, with a total value of $40,500.00. Following the transaction, the president owned 11,008 shares of the company's stock, valued at $445,824. This represents a 9.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.60% of the company's stock.

About M-tron Industries

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.