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

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Director Ivan Arteaga sold 1,600 shares of the company’s stock in a transaction that occurred on 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 owns 364 shares in the company, valued at $18,440.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

Shares of MPTI opened at $49.25 on Wednesday. The firm has a market capitalization of $138.39 million, a price-to-earnings ratio of 27.98, a PEG ratio of 0.72 and a beta of 0.72. M-tron Industries, Inc. has a 52 week low of $20.90 and a 52 week high of $53.04.

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

Institutional Investors Weigh In On M-tron Industries

Several institutional investors have recently modified their holdings of MPTI. Vanguard Group Inc. grew its stake in shares of M-tron Industries by 59.9% during the first quarter. Vanguard Group Inc. now owns 87,966 shares of the company’s stock worth $2,639,000 after purchasing an additional 32,964 shares during the period. Avantax Advisory Services Inc. acquired a new position in M-tron Industries in the first quarter valued at about $361,000. O Shaughnessy Asset Management LLC boosted its holdings in M-tron Industries by 4.4% during the first 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 position in shares of M-tron Industries during the 1st quarter worth about $210,000. Finally, Truvestments Capital LLC bought a new stake in shares of M-tron Industries in the 1st quarter valued at about $165,000. 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.