Lazard Asset Management LLC Takes Position in M-tron Industries, Inc. (NYSEAMERICAN:MPTI)

Lazard Asset Management LLC purchased a new position in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,674 shares of the company’s stock, valued at approximately $81,000. Lazard Asset Management LLC owned approximately 0.06% of M-tron Industries as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in M-tron Industries by 152.7% during the 4th quarter. Bank of America Corp DE now owns 4,596 shares of the company’s stock worth $223,000 after buying an additional 2,777 shares during the period. Northern Trust Corp acquired a new position in M-tron Industries in the 4th quarter worth $225,000. Janney Montgomery Scott LLC bought a new position in M-tron Industries during the 4th quarter worth about $239,000. Virtu Financial LLC acquired a new stake in shares of M-tron Industries in the 4th quarter valued at about $270,000. Finally, Janus Henderson Group PLC bought a new stake in shares of M-tron Industries in the fourth quarter valued at about $324,000. Institutional investors own 23.31% of the company’s stock.

M-tron Industries Trading Up 1.1%

Shares of MPTI opened at $45.55 on Monday. The stock has a market capitalization of $132.55 million, a price-to-earnings ratio of 22.78, a PEG ratio of 0.69 and a beta of 1.20. M-tron Industries, Inc. has a 12 month low of $14.36 and a 12 month high of $60.00. The firm has a fifty day simple moving average of $48.64 and a 200 day simple moving average of $50.28.

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.