Walleye Capital LLC Sells 32,787 Shares of M-tron Industries, Inc. $MPTI

Key Points

• Walleye Capital LLC significantly reduced its stake in M-tron Industries, selling 32,787 shares and now holding just 5,288 shares, representing an 86.1% decrease in their ownership.
• President William Arnold Drafts purchased 1,000 shares of M-tron Industries stock, increasing his personal shareholding by nearly 10% to a total value of approximately $445,824.
• M-tron Industries' stock has seen a recent increase of 2.5%, with a current trading price of $45.12, alongside a market capitalization of $131.75 million.

Walleye Capital LLC lowered its holdings in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Free Report) by 86.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,288 shares of the company's stock after selling 32,787 shares during the period. Walleye Capital LLC owned about 0.18% of M-tron Industries worth $236,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MPTI. AlphaQuest LLC acquired a new stake in M-tron Industries during the first quarter worth $73,000. Lazard Asset Management LLC acquired a new stake in M-tron Industries during the fourth quarter worth $81,000. Bank of America Corp DE boosted its stake in M-tron Industries by 152.7% during the fourth quarter. Bank of America Corp DE now owns 4,596 shares of the company's stock worth $223,000 after buying an additional 2,777 shares in the last quarter. XTX Topco Ltd acquired a new stake in M-tron Industries during the first quarter worth $223,000. Finally, Northern Trust Corp acquired a new stake in M-tron Industries during the fourth quarter worth $225,000. Institutional investors and hedge funds own 23.31% of the company's stock.

Insider Activity

In related news, President William Arnold Drafts acquired 1,000 shares of the business's stock in a transaction on 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 acquisition, the president owned 11,008 shares in the company, valued at $445,824. The trade was a 9.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.60% of the company's stock.

M-tron Industries Stock Up 6.2%

MPTI traded up $2.84 during trading on Wednesday, reaching $48.63. 64,171 shares of the company's stock were exchanged, compared to its average volume of 36,671. The company has a market capitalization of $142.00 million, a P/E ratio of 18.49, a PEG ratio of 0.71 and a beta of 0.69. The business has a 50 day moving average price of $43.18 and a 200 day moving average price of $44.99. M-tron Industries, Inc. has a fifty-two week low of $33.00 and a fifty-two week high of $71.10.

M-tron Industries Company 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.