Bard Associates Inc. Sells 275 Shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI)

Bard Associates Inc. trimmed its stake in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,187 shares of the company’s stock after selling 275 shares during the period. M-tron Industries makes up about 1.3% of Bard Associates Inc.’s portfolio, making the stock its 19th biggest position. Bard Associates Inc. owned about 3.17% of M-tron Industries worth $3,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of MPTI. Vanguard Group Inc. lifted its stake in M-tron Industries by 59.9% during the 1st quarter. Vanguard Group Inc. now owns 87,966 shares of the company’s stock valued at $2,639,000 after acquiring an additional 32,964 shares during the period. Evernest Financial Advisors LLC acquired a new position in M-tron Industries during the third quarter worth about $865,000. Avantax Advisory Services Inc. purchased a new position in shares of M-tron Industries during the 1st quarter worth $361,000. O Shaughnessy Asset Management LLC lifted its holdings in M-tron Industries by 4.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 8,466 shares of the company’s stock valued at $254,000 after acquiring an additional 357 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new position in M-tron Industries during the first quarter worth about $210,000. 23.31% of the stock is owned by hedge funds and other institutional investors.

M-tron Industries Stock Performance

Shares of MPTI opened at $59.82 on Friday. The company has a market cap of $168.09 million, a PE ratio of 26.87, a price-to-earnings-growth ratio of 0.85 and a beta of 0.60. M-tron Industries, Inc. has a 12-month low of $23.00 and a 12-month high of $62.50.

M-tron Industries (NYSEAMERICAN:MPTI) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.13. The business had revenue of $11.81 million for the quarter, compared to analyst estimates of $11.20 million. M-tron Industries had a net margin of 11.86% and a return on equity of 25.60%. Analysts anticipate that M-tron Industries, Inc. will post 2.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Ivan Arteaga sold 1,600 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $50.66, for a total transaction of $81,056.00. Following the completion of the transaction, the director now directly owns 364 shares of the company’s stock, valued at approximately $18,440.24. This represents a 81.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.40% of the stock is currently owned by company insiders.

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.