Evernest Financial Advisors LLC Takes $865,000 Position in M-tron Industries, Inc. (NYSEAMERICAN:MPTI)

Evernest Financial Advisors LLC bought a new stake in M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,750 shares of the company's stock, valued at approximately $865,000. Evernest Financial Advisors LLC owned 0.74% of M-tron Industries as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MPTI. Truvestments Capital LLC acquired a new position in M-tron Industries in the first quarter valued at approximately $165,000. CreativeOne Wealth LLC acquired a new position in shares of M-tron Industries during the 1st quarter valued at $210,000. O Shaughnessy Asset Management LLC boosted its stake in M-tron Industries by 4.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 8,466 shares of the company's stock worth $254,000 after acquiring an additional 357 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 purchasing an additional 32,964 shares during the period. Finally, Avantax Advisory Services Inc. bought a new stake in M-tron Industries in the first quarter valued at $361,000. Institutional investors own 23.31% of the company's stock.

Insider Activity at M-tron Industries

In other news, Director Ivan Arteaga sold 1,600 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $50.66, for a total value of $81,056.00. Following the completion of the sale, the director now owns 364 shares in the company, valued at $18,440.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.40% of the stock is currently owned by insiders.

M-tron Industries Stock Performance

NYSEAMERICAN:MPTI traded up $0.32 on Tuesday, hitting $50.49. The stock had a trading volume of 42,072 shares, compared to its average volume of 47,817. The firm has a market cap of $141.88 million, a P/E ratio of 28.51, a PEG 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 released its quarterly earnings data 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. The firm 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 10.95% and a return on equity of 23.56%. On average, equities analysts forecast that M-tron Industries, Inc. will post 2.26 earnings per share for the current fiscal year.

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.