Concorde Asset Management LLC Sells 10,023 Shares of M-tron Industries, Inc. $MPTI

Concorde Asset Management LLC cut its stake in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 50.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,963 shares of the company’s stock after selling 10,023 shares during the quarter. Concorde Asset Management LLC’s holdings in M-tron Industries were worth $666,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Advisory Research Inc. bought a new position in shares of M-tron Industries in the 4th quarter worth $1,895,000. Renaissance Technologies LLC boosted its position in M-tron Industries by 34.3% during the fourth quarter. Renaissance Technologies LLC now owns 60,559 shares of the company’s stock valued at $3,223,000 after purchasing an additional 15,454 shares in the last quarter. Two Sigma Investments LP boosted its position in M-tron Industries by 228.0% during the third quarter. Two Sigma Investments LP now owns 21,700 shares of the company’s stock valued at $1,204,000 after purchasing an additional 15,085 shares in the last quarter. Aristides Capital LLC grew its stake in M-tron Industries by 21.5% in the first quarter. Aristides Capital LLC now owns 65,673 shares of the company’s stock valued at $4,390,000 after purchasing an additional 11,619 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in M-tron Industries by 25.6% in the second quarter. Marshall Wace LLP now owns 56,263 shares of the company’s stock valued at $2,363,000 after purchasing an additional 11,470 shares during the last quarter. 23.31% of the stock is owned by institutional investors.

Insider Transactions at M-tron Industries

In related news, CEO Cameron Pforr sold 840 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $66.78, for a total transaction of $56,095.20. Following the transaction, the chief executive officer directly owned 26,806 shares of the company’s stock, valued at $1,790,104.68. This represents a 3.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 1,507 shares of company stock worth $100,637. Corporate insiders own 5.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MPTI shares. Freedom Capital downgraded shares of M-tron Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Zacks Research upgraded shares of M-tron Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

M-tron Industries Trading Down 0.9%

Shares of MPTI stock opened at $82.38 on Friday. The business’s fifty day simple moving average is $88.88 and its 200-day simple moving average is $74.47. The company has a market cap of $355.88 million, a PE ratio of 29.21, a PEG ratio of 1.46 and a beta of 0.71. M-tron Industries, Inc. has a 12-month low of $40.15 and a 12-month high of $104.85.

M-tron Industries (NYSEAMERICAN:MPTI) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. The firm had revenue of $14.69 million during the quarter, compared to analyst estimates of $14.36 million. M-tron Industries had a return on equity of 17.69% and a net margin of 16.33%. On average, equities analysts forecast that M-tron Industries, Inc. will post 2.26 earnings per share for the current year.

M-tron Industries Profile

M-tron Industries, Inc (NYSE American: MPTI) is a designer and manufacturer of high‐performance electromechanical motion control and power transmission systems. The company specializes in the development of precision motors, digital servo controllers, and rotary electrical interfaces that enable smooth, reliable operation in demanding environments. Its core offerings include frameless torque motors, brushless DC motors, multi‐circuit slip ring assemblies, and custom motor/controller packages tailored to specific customer requirements.

These products serve a diverse array of end markets, including defense and aerospace, industrial automation, robotics, medical imaging, and energy generation.