Renaissance Technologies LLC raised its position in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Free Report) by 139.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,805 shares of the company's stock after acquiring an additional 23,200 shares during the period. Renaissance Technologies LLC owned approximately 1.37% of M-tron Industries worth $1,928,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. purchased a new stake in M-tron Industries in the fourth quarter valued at $474,000. Virtu Financial LLC purchased a new position in M-tron Industries during the fourth quarter worth approximately $270,000. Truvestments Capital LLC grew its holdings in M-tron Industries by 4.1% in the fourth quarter. Truvestments Capital LLC now owns 8,387 shares of the company's stock valued at $406,000 after purchasing an additional 330 shares during the period. Illumine Investment Management LLC purchased a new stake in shares of M-tron Industries in the fourth quarter valued at approximately $1,134,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of M-tron Industries during the 4th quarter worth approximately $239,000. Institutional investors own 23.31% of the company's stock.
M-tron Industries Trading Up 7.4 %
MPTI traded up $4.08 during midday trading on Thursday, hitting $59.55. 20,781 shares of the company traded hands, compared to its average volume of 69,427. The business has a 50 day simple moving average of $44.42 and a two-hundred day simple moving average of $49.64. The company has a market capitalization of $173.29 million, a price-to-earnings ratio of 29.78, a PEG ratio of 0.69 and a beta of 1.20. M-tron Industries, Inc. has a 52-week low of $13.35 and a 52-week high of $59.55.
M-tron Industries Profile
(
Free Report)
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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