M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Get Free Report) President William Arnold Drafts bought 1,000 shares of M-tron Industries stock in a transaction on Friday, June 27th. The shares were bought at an average cost of $40.50 per share, with a total value of $40,500.00. Following the acquisition, the president now directly owns 11,008 shares in the company, valued at approximately $445,824. This represents a 9.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
M-tron Industries Stock Performance
NYSEAMERICAN MPTI traded up $0.35 on Friday, hitting $41.59. The stock had a trading volume of 376,126 shares, compared to its average volume of 69,811. The firm has a 50-day moving average of $48.82 and a 200-day moving average of $50.64. M-tron Industries, Inc. has a 52-week low of $14.36 and a 52-week high of $60.00. The company has a market capitalization of $121.44 million, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 0.56 and a beta of 0.83.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Illumine Investment Management LLC purchased a new stake in M-tron Industries in the fourth quarter valued at approximately $1,134,000. Truvestments Capital LLC grew its position in M-tron Industries by 4.1% in the fourth quarter. Truvestments Capital LLC now owns 8,387 shares of the company's stock worth $406,000 after acquiring an additional 330 shares in the last quarter. Virtu Financial LLC bought a new position in M-tron Industries in the fourth quarter valued at $270,000. American Century Companies Inc. purchased a new stake in M-tron Industries during the fourth quarter valued at about $474,000. Finally, Renaissance Technologies LLC lifted its stake in M-tron Industries by 139.7% during the fourth quarter. Renaissance Technologies LLC now owns 39,805 shares of the company's stock worth $1,928,000 after purchasing an additional 23,200 shares during the last quarter. Institutional investors own 23.31% of the company's stock.
About M-tron Industries
(
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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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