Truvestments Capital LLC Boosts Holdings in M-tron Industries, Inc. (NYSEAMERICAN:MPTI)

Truvestments Capital LLC boosted its stake in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 14.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,057 shares of the company’s stock after purchasing an additional 988 shares during the quarter. Truvestments Capital LLC’s holdings in M-tron Industries were worth $336,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Evernest Financial Advisors LLC purchased a new stake in M-tron Industries in the 3rd quarter worth approximately $865,000. CreativeOne Wealth LLC acquired a new position in shares of M-tron Industries in the 1st quarter valued at $210,000. 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 in the last quarter. Finally, Vanguard Group Inc. grew its position in M-tron Industries by 59.9% during the first quarter. Vanguard Group Inc. now owns 87,966 shares of the company’s stock valued at $2,639,000 after buying an additional 32,964 shares during the period. Hedge funds and other institutional investors own 23.31% of the company’s stock.

Insider Activity at M-tron Industries

In related news, Director Ivan Arteaga sold 1,600 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $50.66, for a total value of $81,056.00. Following the completion of the sale, the director now owns 364 shares of the company’s stock, valued at approximately $18,440.24. The trade was a 81.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.40% of the stock is owned by company insiders.

M-tron Industries Price Performance

Shares of M-tron Industries stock opened at $66.12 on Tuesday. M-tron Industries, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $71.10. The stock has a market capitalization of $189.76 million, a price-to-earnings ratio of 33.04, a PEG ratio of 0.90 and a beta of 0.60.

M-tron Industries 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.