Ivan Arteaga Sells 400 Shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Stock

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Director Ivan Arteaga sold 400 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $49.41, for a total transaction of $19,764.00. Following the completion of the transaction, the director now owns 1,964 shares in the company, valued at $97,041.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, October 14th, Ivan Arteaga sold 1,600 shares of M-tron Industries stock. The shares were sold at an average price of $50.66, for a total transaction of $81,056.00.

M-tron Industries Stock Performance

NYSEAMERICAN MPTI opened at $49.99 on Thursday. M-tron Industries, Inc. has a one year low of $20.90 and a one year high of $53.04. The company has a market capitalization of $140.47 million, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 0.72 and a beta of 0.72.

M-tron Industries (NYSEAMERICAN:MPTI) last posted 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 net margin of 10.95% and a return on equity of 23.56%. The firm had revenue of $11.81 million for the quarter, compared to analyst estimates of $11.20 million. Equities research analysts predict that M-tron Industries, Inc. will post 2.26 EPS for the current year.

Institutional Trading of M-tron Industries

Large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its position in shares of 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. Truvestments Capital LLC acquired a new stake in shares of M-tron Industries during the first quarter worth approximately $165,000. CreativeOne Wealth LLC acquired a new stake in shares of M-tron Industries during the first quarter worth approximately $210,000. Avantax Advisory Services Inc. acquired a new stake in shares of M-tron Industries during the first quarter worth approximately $361,000. Finally, Vanguard Group Inc. grew its position 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 buying an additional 32,964 shares in the last quarter. Institutional investors and hedge funds own 23.31% of the company’s stock.

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.