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

Concorde Asset Management LLC decreased its holdings in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 50.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,963 shares of the company’s stock after selling 10,023 shares during the period. Concorde Asset Management LLC owned about 0.23% of M-tron Industries worth $666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPTI. State of Alaska Department of Revenue purchased a new stake in shares of M-tron Industries during the fourth quarter valued at $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of M-tron Industries in the third quarter worth about $63,000. Los Angeles Capital Management LLC bought a new position in shares of M-tron Industries in the fourth quarter worth about $89,000. Deutsche Bank AG increased its stake in M-tron Industries by 2,341.4% in the 4th quarter. Deutsche Bank AG now owns 1,709 shares of the company’s stock worth $91,000 after buying an additional 1,639 shares during the period. Finally, Wells Fargo & Company MN increased its stake in M-tron Industries by 43.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,847 shares of the company’s stock worth $152,000 after buying an additional 869 shares during the period. Hedge funds and other institutional investors own 23.31% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on MPTI. Zacks Research raised shares of M-tron Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Freedom Capital lowered shares of M-tron Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

M-tron Industries Trading Down 0.9%

Shares of MPTI stock opened at $82.38 on Friday. M-tron Industries, Inc. has a twelve month low of $40.15 and a twelve month high of $104.85. The stock has a fifty day simple moving average of $88.88 and a two-hundred day simple moving average of $74.47. The stock has a market capitalization of $355.88 million, a price-to-earnings ratio of 29.21, a P/E/G ratio of 1.46 and a beta of 0.71.

M-tron Industries (NYSEAMERICAN:MPTI) last announced its quarterly earnings results 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 for 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%. Research analysts predict that M-tron Industries, Inc. will post 2.26 EPS for the current fiscal year.

Insider Activity at M-tron Industries

In other news, CEO Cameron Pforr sold 840 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $66.78, for a total value of $56,095.20. Following the completion of the sale, the chief executive officer owned 26,806 shares in the company, valued at approximately $1,790,104.68. The trade was a 3.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 1,507 shares of company stock valued at $100,637. Insiders own 5.30% of the company’s stock.

About M-tron Industries

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.