Concorde Asset Management LLC Purchases New Position in M-tron Industries, Inc. (NYSEAMERICAN:MPTI)

Concorde Asset Management LLC acquired a new position in M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,941 shares of the company's stock, valued at approximately $917,000. Concorde Asset Management LLC owned approximately 0.65% of M-tron Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MPTI. Barclays PLC acquired a new stake in shares of M-tron Industries during the third quarter worth $114,000. Janney Montgomery Scott LLC acquired a new stake in M-tron Industries during the 4th quarter worth about $239,000. Virtu Financial LLC purchased a new stake in M-tron Industries during the 4th quarter valued at about $270,000. Truvestments Capital LLC increased its holdings in shares of M-tron Industries by 4.1% in the fourth quarter. Truvestments Capital LLC now owns 8,387 shares of the company's stock valued at $406,000 after purchasing an additional 330 shares during the period. Finally, American Century Companies Inc. purchased a new position in shares of M-tron Industries in the fourth quarter worth about $474,000. 23.31% of the stock is currently owned by hedge funds and other institutional investors.

M-tron Industries Price Performance

NYSEAMERICAN:MPTI traded up $1.10 during midday trading on Wednesday, hitting $49.75. The company's stock had a trading volume of 15,650 shares, compared to its average volume of 53,576. M-tron Industries, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $71.10. The firm's 50 day moving average is $44.66 and its 200-day moving average is $49.14. The firm has a market cap of $144.77 million, a P/E ratio of 24.88, a P/E/G ratio of 0.69 and a beta of 1.20.

M-tron Industries 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.