M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 18.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,706 shares of the company’s stock after buying an additional 3,718 shares during the period. Geode Capital Management LLC owned about 0.84% of M-tron Industries worth $989,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MPTI. Barclays PLC acquired a new stake in M-tron Industries in the third quarter valued at $114,000. Truvestments Capital LLC increased its position in shares of M-tron Industries by 14.0% in the 3rd quarter. Truvestments Capital LLC now owns 8,057 shares of the company’s stock worth $336,000 after purchasing an additional 988 shares during the last quarter. Finally, Evernest Financial Advisors LLC acquired a new stake in shares of M-tron Industries in the 3rd quarter valued at about $865,000. Institutional investors and hedge funds own 23.31% of the company’s stock.

M-tron Industries Stock Performance

Shares of NYSEAMERICAN:MPTI opened at $51.17 on Friday. M-tron Industries, Inc. has a 1-year low of $23.00 and a 1-year high of $71.10. The firm has a market cap of $146.86 million, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 0.87 and a beta of 0.81.

Insider Buying and Selling

In related news, Director Ivan Arteaga sold 1,600 shares of M-tron Industries stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $50.66, for a total transaction of $81,056.00. Following the sale, the director now directly owns 364 shares in the company, valued at $18,440.24. The trade was a 81.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 7.40% of the company’s stock.

M-tron Industries 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.