M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Director Ivan Arteaga Sells 1,600 Shares

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Director Ivan Arteaga sold 1,600 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $50.66, for a total transaction of $81,056.00. Following the transaction, the director now directly owns 364 shares of the company’s stock, valued at $18,440.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ivan Arteaga also recently made the following trade(s):

• On Friday, October 11th, Ivan Arteaga sold 400 shares of M-tron Industries stock. The stock was sold at an average price of $49.41, for a total transaction of $19,764.00.

M-tron Industries Stock Performance

NYSEAMERICAN MPTI opened at $49.25 on Wednesday. M-tron Industries, Inc. has a 1-year low of $20.90 and a 1-year high of $53.04. The company has a market cap of $138.39 million, a price-to-earnings ratio of 27.98, a P/E/G ratio of 0.72 and a beta of 0.72.

M-tron Industries (NYSEAMERICAN:MPTI) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.50 by $0.13. M-tron Industries had a return on equity of 23.56% and a net margin of 10.95%. The business had revenue of $11.81 million for the quarter, compared to analyst estimates of $11.20 million. On average, sell-side analysts predict that M-tron Industries, Inc. will post 2.26 EPS for the current year.

Institutional Investors Weigh In On M-tron Industries

A number of hedge funds have recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in M-tron Industries during the 1st quarter valued at about $165,000. CreativeOne Wealth LLC bought a new position in shares of M-tron Industries in the first quarter valued at approximately $210,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of M-tron Industries by 4.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,466 shares of the company’s stock worth $254,000 after acquiring an additional 357 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in M-tron Industries during the 1st quarter worth approximately $361,000. Finally, Vanguard Group Inc. increased its holdings in M-tron Industries by 59.9% during the 1st quarter. Vanguard Group Inc. now owns 87,966 shares of the company’s stock valued at $2,639,000 after purchasing an additional 32,964 shares in the last quarter. Institutional investors and hedge funds own 23.31% of the company’s stock.

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.