Janney Montgomery Scott LLC Grows Stock Position in M-tron Industries, Inc. $MPTI

Janney Montgomery Scott LLC lifted its stake in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 23.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,143 shares of the company’s stock after buying an additional 1,524 shares during the period. Janney Montgomery Scott LLC owned approximately 0.28% of M-tron Industries worth $342,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. AlphaQuest LLC purchased a new position in shares of M-tron Industries in the first quarter worth about $73,000. XTX Topco Ltd purchased a new position in M-tron Industries during the 1st quarter valued at about $223,000. Goldman Sachs Group Inc. increased its holdings in M-tron Industries by 7.6% during the 1st 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 during the period. Acadian Asset Management LLC increased its holdings in M-tron Industries by 137.8% during the 1st quarter. Acadian Asset Management LLC now owns 10,367 shares of the company’s stock valued at $459,000 after purchasing an additional 6,008 shares during the period. Finally, American Century Companies Inc. increased its holdings in M-tron Industries by 16.5% during the 1st quarter. American Century Companies Inc. now owns 11,418 shares of the company’s stock valued at $509,000 after purchasing an additional 1,621 shares during the period. Hedge funds and other institutional investors own 23.31% of the company’s stock.

M-tron Industries Price Performance

Shares of NYSEAMERICAN:MPTI opened at $54.59 on Monday. The stock’s 50-day moving average is $48.97 and its 200 day moving average is $47.13. The company has a market cap of $159.40 million, a PE ratio of 20.76, a P/E/G ratio of 0.85 and a beta of 0.75. M-tron Industries, Inc. has a 1 year low of $34.50 and a 1 year high of $71.10.

Analysts Set New Price Targets

Separately, Atrium Research upgraded M-tron Industries to a “strong-buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

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.