Insider Selling: M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Major Shareholder Sells 500 Shares of Stock

M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Get Free Report) major shareholder Mario J. Gabelli sold 500 shares of the business's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $26.55, for a total value of $13,275.00. Following the transaction, the insider now owns 184,010 shares of the company's stock, valued at $4,885,465.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

M-tron Industries Trading Down 0.8 %

Shares of NYSEAMERICAN MPTI traded down $0.22 during midday trading on Wednesday, hitting $26.85. 45,663 shares of the company's stock were exchanged, compared to its average volume of 83,830. The company has a market cap of $75.18 million, a PE ratio of 21.28, a P/E/G ratio of 0.58 and a beta of 0.32. M-tron Industries, Inc. has a twelve month low of $10.85 and a twelve month high of $45.60.

M-tron Industries (NYSEAMERICAN:MPTI - Get Free Report) last issued its quarterly earnings data on Monday, March 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.45). M-tron Industries had a return on equity of 20.38% and a net margin of 8.48%. The business had revenue of $10.77 million for the quarter, compared to analyst estimates of $11.20 million. Sell-side analysts forecast that M-tron Industries, Inc. will post 2.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On M-tron Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MPTI. Dimensional Fund Advisors LP bought a new stake in M-tron Industries during the fourth quarter worth approximately $443,000. Renaissance Technologies LLC bought a new position in shares of M-tron Industries in the fourth quarter valued at $683,000. Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new position in shares of M-tron Industries in the fourth quarter valued at $252,000. Gamco Investors INC. ET AL bought a new position in shares of M-tron Industries in the fourth quarter valued at $2,087,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of M-tron Industries by 159.2% in the first quarter. Tower Research Capital LLC TRC now owns 2,641 shares of the company's stock valued at $28,000 after buying an additional 1,622 shares in the last quarter. Institutional investors own 23.31% of the company's stock.

About M-tron Industries

M-tron Industries, Inc, together with its subsidiaries, 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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