M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Position Reduced by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its stake in M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 154,700 shares of the company's stock after selling 16,500 shares during the quarter. Gamco Investors INC. ET AL owned about 5.32% of M-tron Industries worth $7,492,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of MPTI. Janney Montgomery Scott LLC acquired a new position in M-tron Industries during the fourth quarter valued at approximately $239,000. American Century Companies Inc. acquired a new position in shares of M-tron Industries during the fourth quarter worth about $474,000. Barclays PLC purchased a new stake in shares of M-tron Industries in the third quarter worth about $114,000. Geode Capital Management LLC raised its holdings in shares of M-tron Industries by 18.6% during the 3rd quarter. Geode Capital Management LLC now owns 23,706 shares of the company's stock valued at $989,000 after buying an additional 3,718 shares during the period. Finally, Illumine Investment Management LLC acquired a new stake in M-tron Industries in the fourth quarter valued at approximately $1,134,000. Hedge funds and other institutional investors own 23.31% of the company's stock.

M-tron Industries Price Performance

MPTI traded up $2.73 on Tuesday, reaching $52.58. The company's stock had a trading volume of 12,616 shares, compared to its average volume of 52,694. The business's 50 day moving average is $44.14 and its 200 day moving average is $49.29. The stock has a market cap of $153.01 million, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 0.69 and a beta of 1.20. M-tron Industries, Inc. has a 1 year low of $24.68 and a 1 year high of $71.10.

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.