Insider Selling: M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Major Shareholder Sells $22,295.00 in Stock

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) major shareholder Mario J. Gabelli sold 700 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $31.85, for a total transaction of $22,295.00. Following the sale, the insider now owns 178,300 shares of the company’s stock, valued at approximately $5,678,855. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

M-tron Industries Stock Performance

Shares of MPTI stock opened at $34.49 on Friday. The stock has a market capitalization of $96.57 million, a P/E ratio of 21.24, a P/E/G ratio of 0.73 and a beta of 0.77. M-tron Industries, Inc. has a 52-week low of $10.85 and a 52-week high of $45.60.

M-tron Industries (NYSEAMERICAN:MPTI) last released its earnings results on Tuesday, May 7th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. M-tron Industries had a return on equity of 23.44% and a net margin of 10.29%. The business had revenue of $11.19 million for the quarter, compared to analyst estimates of $11.00 million. As a group, equities research analysts forecast that M-tron Industries, Inc. will post 2.03 EPS for the current fiscal year.

Hedge Funds Weigh In On M-tron Industries

A number of large investors have recently bought and sold shares of MPTI. AJOVista LLC acquired a new stake in shares of M-tron Industries in the 4th quarter worth approximately $30,000. Truvestments Capital LLC acquired a new stake in M-tron Industries during the first quarter worth approximately $165,000. CreativeOne Wealth LLC purchased a new stake in M-tron Industries in the 1st quarter worth approximately $210,000. O Shaughnessy Asset Management LLC raised its holdings in M-tron Industries by 4.4% in the 1st 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, Avantax Advisory Services Inc. purchased a new position in shares of M-tron Industries during the 1st quarter worth $361,000. Hedge funds and other institutional investors 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.