Gamco Investors INC. ET AL Has $5.70 Million Position in M-tron Industries, Inc. (NYSEAMERICAN:MPTI)

Gamco Investors INC. ET AL lowered its position in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 5.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 190,000 shares of the company’s stock after selling 10,000 shares during the quarter. Gamco Investors INC. ET AL owned approximately 6.79% of M-tron Industries worth $5,700,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of M-tron Industries by 59.9% during the 1st quarter. Vanguard Group Inc. now owns 87,966 shares of the company’s stock worth $2,639,000 after buying an additional 32,964 shares during the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of M-tron Industries during the 1st quarter worth about $361,000. O Shaughnessy Asset Management LLC lifted its stake in shares of M-tron Industries by 4.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,466 shares of the company’s stock worth $254,000 after buying an additional 357 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of M-tron Industries during the 1st quarter worth about $210,000. Finally, AJOVista LLC acquired a new stake in shares of M-tron Industries during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 23.31% of the company’s stock.

M-tron Industries Stock Performance

Shares of NYSEAMERICAN MPTI traded up $0.65 during mid-day trading on Friday, reaching $33.99. 20,766 shares of the company were exchanged, compared to its average volume of 21,556. The stock has a market cap of $95.17 million, a PE ratio of 21.24, a P/E/G ratio of 0.73 and a beta of 0.70. M-tron Industries, Inc. has a twelve month low of $11.09 and a twelve month high of $45.60.

M-tron Industries (NYSEAMERICAN:MPTI) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. M-tron Industries had a net margin of 10.29% and a return on equity of 23.44%. The business had revenue of $11.19 million for the quarter, compared to analyst estimates of $11.00 million. As a group, analysts predict that M-tron Industries, Inc. will post 2.03 EPS for the current fiscal year.

M-tron Industries Company Profile

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.