M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Shares Bought by Truvestments Capital LLC

Truvestments Capital LLC boosted its stake in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,387 shares of the company’s stock after acquiring an additional 330 shares during the period. Truvestments Capital LLC’s holdings in M-tron Industries were worth $406,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Barclays PLC acquired a new stake in shares of M-tron Industries in the third quarter valued at about $114,000. Janney Montgomery Scott LLC purchased a new stake in shares of M-tron Industries in the fourth quarter valued at about $239,000. Geode Capital Management LLC grew its holdings in shares of M-tron Industries by 18.6% in the third quarter. Geode Capital Management LLC now owns 23,706 shares of the company’s stock valued at $989,000 after purchasing an additional 3,718 shares during the period. Finally, Illumine Investment Management LLC purchased a new stake in shares of M-tron Industries in the fourth quarter valued at about $1,134,000. 23.31% of the stock is currently owned by institutional investors and hedge funds.

M-tron Industries Price Performance

Shares of MPTI opened at $38.06 on Thursday. M-tron Industries, Inc. has a 12-month low of $19.17 and a 12-month high of $59.25. The firm has a 50-day moving average price of $50.38. The stock has a market capitalization of $110.75 million, a price-to-earnings ratio of 19.03, a P/E/G ratio of 0.69 and a beta of 1.20.

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.