XTX Topco Ltd Acquires New Holdings in M-tron Industries, Inc. (NYSEAMERICAN:MPTI)

XTX Topco Ltd acquired a new stake in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,001 shares of the company’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC acquired a new position in M-tron Industries during the 4th quarter valued at $81,000. Bank of America Corp DE raised its stake in shares of M-tron Industries by 152.7% in the 4th quarter. Bank of America Corp DE now owns 4,596 shares of the company’s stock valued at $223,000 after buying an additional 2,777 shares in the last quarter. Northern Trust Corp acquired a new position in shares of M-tron Industries in the 4th quarter valued at $225,000. Janney Montgomery Scott LLC raised its stake in shares of M-tron Industries by 33.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,619 shares of the company’s stock valued at $295,000 after buying an additional 1,674 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of M-tron Industries in the 4th quarter valued at $324,000. Institutional investors own 23.31% of the company’s stock.

M-tron Industries Stock Performance

Shares of MPTI stock opened at $46.94 on Wednesday. M-tron Industries, Inc. has a 52-week low of $29.85 and a 52-week high of $71.10. The stock has a market cap of $137.06 million, a price-to-earnings ratio of 17.19, a P/E/G ratio of 0.66 and a beta of 0.69. The firm has a fifty day moving average of $42.64 and a 200-day moving average of $46.78.

Insider Activity

In related news, President William Arnold Drafts acquired 1,000 shares of the firm’s stock in a transaction on Friday, June 27th. The shares were purchased at an average price of $40.50 per share, with a total value of $40,500.00. Following the acquisition, the president directly owned 11,008 shares in the company, valued at $445,824. The trade was a 9.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 6.60% of the stock is owned by company 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.