Concorde Asset Management LLC Sells 18,169 Shares of M-tron Industries, Inc. $MPTI

Concorde Asset Management LLC reduced its position in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 47.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,986 shares of the company’s stock after selling 18,169 shares during the period. Concorde Asset Management LLC’s holdings in M-tron Industries were worth $1,064,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in shares of M-tron Industries during the fourth quarter worth approximately $26,000. Solstein Capital LLC acquired a new stake in shares of M-tron Industries during the third quarter worth approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of M-tron Industries during the third quarter worth approximately $63,000. Los Angeles Capital Management LLC acquired a new stake in shares of M-tron Industries during the fourth quarter worth approximately $89,000. Finally, Deutsche Bank AG increased its holdings in shares of M-tron Industries by 2,341.4% during the fourth quarter. Deutsche Bank AG now owns 1,709 shares of the company’s stock worth $91,000 after buying an additional 1,639 shares in the last quarter. Institutional investors and hedge funds own 23.31% of the company’s stock.

M-tron Industries Trading Up 2.3%

MPTI opened at $98.61 on Friday. The stock has a market capitalization of $426.00 million, a PE ratio of 34.97, a PEG ratio of 1.71 and a beta of 0.72. M-tron Industries, Inc. has a 1-year low of $36.38 and a 1-year high of $102.00. The firm has a 50-day moving average price of $76.50 and a two-hundred day moving average price of $65.91.

M-tron Industries (NYSEAMERICAN:MPTI) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.67 earnings per share 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 analysts’ expectations of $14.36 million. M-tron Industries had a net margin of 16.33% and a return on equity of 17.69%. On average, research analysts predict that M-tron Industries, Inc. will post 2.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Freedom Capital lowered shares of M-tron Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Zacks Research lowered shares of M-tron Industries from a “hold” rating to a “strong sell” rating in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Insiders Place Their Bets

In other M-tron Industries news, CEO Cameron Pforr sold 840 shares of the firm’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. This trade represents a 3.04% decrease in their position. The transaction was disclosed in a legal filing 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 ninety days, insiders have sold 1,507 shares of company stock valued at $100,637. Company insiders own 6.60% of the company’s stock.

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.