Janney Montgomery Scott LLC Grows Stake in M-tron Industries, Inc. (NYSEAMERICAN:MPTI)

Janney Montgomery Scott LLC grew its position in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 33.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,619 shares of the company’s stock after purchasing an additional 1,674 shares during the period. Janney Montgomery Scott LLC owned approximately 0.23% of M-tron Industries worth $295,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MPTI. Truvestments Capital LLC grew its position in M-tron Industries by 4.1% in the fourth quarter. Truvestments Capital LLC now owns 8,387 shares of the company’s stock worth $406,000 after acquiring an additional 330 shares in the last quarter. Lazard Asset Management LLC purchased a new position in M-tron Industries in the fourth quarter worth $81,000. Bank of America Corp DE grew its position in M-tron Industries by 152.7% in the fourth quarter. Bank of America Corp DE now owns 4,596 shares of the company’s stock worth $223,000 after acquiring an additional 2,777 shares in the last quarter. Marshall Wace LLP grew its position in M-tron Industries by 30.5% in the fourth quarter. Marshall Wace LLP now owns 13,337 shares of the company’s stock worth $646,000 after acquiring an additional 3,118 shares in the last quarter. Finally, Northern Trust Corp purchased a new position in M-tron Industries in the fourth quarter worth $225,000. 23.31% of the stock is currently owned by hedge funds and other institutional investors.

M-tron Industries Stock Up 0.4%

M-tron Industries stock opened at $40.26 on Friday. The company has a market capitalization of $117.56 million, a PE ratio of 14.75, a P/E/G ratio of 0.59 and a beta of 0.69. The firm has a fifty day simple moving average of $47.36 and a two-hundred day simple moving average of $50.27. M-tron Industries, Inc. has a twelve month low of $14.36 and a twelve month high of $60.00.

Insiders Place Their Bets

In other news, President William Arnold Drafts acquired 1,000 shares of the stock in a transaction dated Friday, June 27th. The stock was purchased at an average cost of $40.50 per share, with a total value of $40,500.00. Following the completion of the purchase, the president owned 11,008 shares in the company, valued at approximately $445,824. The trade was a 9.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.60% of the stock is owned by corporate insiders.

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.