Archon Capital Management LLC Buys New Shares in M-tron Industries, Inc. $MPTI

Archon Capital Management LLC bought a new position in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 100,668 shares of the company’s stock, valued at approximately $4,228,000. M-tron Industries makes up 3.5% of Archon Capital Management LLC’s holdings, making the stock its 11th biggest holding. Archon Capital Management LLC owned 3.45% of M-tron Industries at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of M-tron Industries in the 2nd quarter worth approximately $29,000. Goldman Sachs Group Inc. raised its stake in shares of M-tron Industries by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,761 shares of the company’s stock valued at $435,000 after purchasing an additional 689 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in M-tron Industries by 23.0% in the second quarter. Janney Montgomery Scott LLC now owns 8,143 shares of the company’s stock worth $342,000 after purchasing an additional 1,524 shares during the period. American Century Companies Inc. boosted its stake in M-tron Industries by 16.5% during the first quarter. American Century Companies Inc. now owns 11,418 shares of the company’s stock worth $509,000 after buying an additional 1,621 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in M-tron Industries in the 1st quarter valued at $73,000. 23.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised shares of M-tron Industries to a “strong-buy” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, M-tron Industries has a consensus rating of “Strong Buy”.

M-tron Industries Trading Down 2.3%

NYSEAMERICAN:MPTI opened at $51.43 on Friday. The stock has a market capitalization of $150.69 million, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 0.80 and a beta of 0.78. M-tron Industries, Inc. has a 1 year low of $34.50 and a 1 year high of $70.31. The firm has a 50 day moving average of $52.97 and a 200-day moving average of $47.38.

M-tron Industries (NYSEAMERICAN:MPTI) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. M-tron Industries had a return on equity of 21.02% and a net margin of 13.51%.The business had revenue of $14.17 million for the quarter, compared to analyst estimates of $13.91 million. As a group, analysts forecast that M-tron Industries, Inc. will post 2.47 EPS for the current fiscal year.

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.