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

M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Get Free Report) Director Ivan Arteaga sold 400 shares of the company's stock in a transaction dated Friday, October 11th. The stock was 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 approximately $97,041.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $50.66, for a total transaction of $81,056.00.

M-tron Industries Stock Performance

Shares of M-tron Industries stock traded down $2.79 on Tuesday, hitting $49.25. 46,614 shares of the company traded hands, compared to its average volume of 48,290. The company has a market capitalization of $138.39 million, a PE ratio of 27.98, a P/E/G ratio of 0.72 and a beta of 0.72. M-tron Industries, Inc. has a 52 week low of $20.90 and a 52 week high of $53.04.

M-tron Industries (NYSEAMERICAN:MPTI - Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.13. M-tron Industries had a return on equity of 23.56% and a net margin of 10.95%. The business had revenue of $11.81 million during the quarter, compared to analyst estimates of $11.20 million. On average, analysts forecast that M-tron Industries, Inc. will post 2.26 earnings per share for the current year.

Institutional Trading of M-tron Industries

Several institutional investors and hedge funds have recently made changes to their positions in MPTI. Vanguard Group Inc. raised its stake in M-tron Industries by 59.9% in 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. O Shaughnessy Asset Management LLC boosted its position 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 shares of M-tron Industries in the 1st quarter valued at $361,000. CreativeOne Wealth LLC bought a new position in shares of M-tron Industries in the 1st quarter worth $210,000. Finally, Truvestments Capital LLC bought a new position in shares of M-tron Industries in the 1st quarter worth $165,000. 23.31% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.