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

Bard Associates Inc. lowered its position in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 0.3% in the 3rd quarter, Holdings Channel reports. The fund owned 89,187 shares of the company’s stock after selling 275 shares during the quarter. M-tron Industries accounts for 1.3% of Bard Associates Inc.’s holdings, making the stock its 19th biggest holding. Bard Associates Inc.’s holdings in M-tron Industries were worth $3,718,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MPTI. Truvestments Capital LLC purchased a new position 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 in the first quarter valued at about $210,000. O Shaughnessy Asset Management LLC grew its stake in M-tron Industries by 4.4% during 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 in the last quarter. Avantax Advisory Services Inc. purchased a new position in M-tron Industries in the first quarter worth approximately $361,000. Finally, Evernest Financial Advisors LLC purchased a new position in shares of M-tron Industries during the third quarter worth $865,000. 23.31% of the stock is currently owned by institutional investors.

M-tron Industries Trading Up 11.3 %

Shares of MPTI opened at $59.82 on Friday. M-tron Industries, Inc. has a twelve month low of $23.00 and a twelve month high of $62.50. The firm has a market capitalization of $168.09 million, a PE ratio of 26.87, a PEG ratio of 0.85 and a beta of 0.60.

M-tron Industries (NYSEAMERICAN:MPTI) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.63 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 return on equity of 25.60% and a net margin of 11.86%. Equities analysts expect that M-tron Industries, Inc. will post 2.26 EPS for the current year.

Insider Activity

In other news, Director Ivan Arteaga sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $50.66, for a total value of $81,056.00. Following the sale, the director now directly owns 364 shares in the company, valued at approximately $18,440.24. This represents a 81.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 7.40% 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.