Janney Montgomery Scott LLC Purchases 1,524 Shares of M-tron Industries, Inc. $MPTI

Janney Montgomery Scott LLC raised its position in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 23.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,143 shares of the company’s stock after acquiring an additional 1,524 shares during the period. Janney Montgomery Scott LLC’s holdings in M-tron Industries were worth $342,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Illumine Investment Management LLC boosted its position in shares of M-tron Industries by 2.5% in the 1st quarter. Illumine Investment Management LLC now owns 23,994 shares of the company’s stock worth $1,069,000 after purchasing an additional 584 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of M-tron Industries by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,761 shares of the company’s stock worth $435,000 after purchasing an additional 689 shares in the last quarter. American Century Companies Inc. boosted its position in shares of M-tron Industries by 16.5% in the 1st quarter. American Century Companies Inc. now owns 11,418 shares of the company’s stock worth $509,000 after purchasing an additional 1,621 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of M-tron Industries in the 1st quarter worth approximately $73,000. Finally, OMERS ADMINISTRATION Corp boosted its position in shares of M-tron Industries by 50.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 12,300 shares of the company’s stock worth $548,000 after purchasing an additional 4,100 shares in the last quarter. 23.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

M-tron Industries Trading Down 2.2%

MPTI stock opened at $54.59 on Monday. The stock has a market capitalization of $159.40 million, a PE ratio of 20.76, a price-to-earnings-growth ratio of 0.85 and a beta of 0.75. M-tron Industries, Inc. has a 12-month low of $34.50 and a 12-month high of $71.10. The stock’s 50 day simple moving average is $48.97 and its 200 day simple moving average is $47.13.

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.