100,668 Shares in M-tron Industries, Inc. $MPTI Acquired by Archon Capital Management LLC

Archon Capital Management LLC acquired a new stake in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 100,668 shares of the company’s stock, valued at approximately $4,228,000. M-tron Industries makes up about 3.5% of Archon Capital Management LLC’s holdings, making the stock its 11th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in MPTI. Marshall Wace LLP raised its position in shares of M-tron Industries by 25.6% during the second quarter. Marshall Wace LLP now owns 56,263 shares of the company’s stock worth $2,363,000 after acquiring an additional 11,470 shares during the last quarter. Herald Investment Management Ltd bought a new stake in M-tron Industries during the 1st quarter worth about $1,530,000. Evernest Financial Advisors LLC acquired a new position in M-tron Industries during the 2nd quarter valued at about $658,000. Sierra Summit Advisors LLC bought a new position in shares of M-tron Industries in the 1st quarter valued at about $669,000. Finally, OMERS ADMINISTRATION Corp grew its position in shares of M-tron Industries by 50.0% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 12,300 shares of the company’s stock worth $548,000 after buying an additional 4,100 shares during the period. 23.31% of the stock is owned by institutional investors and hedge funds.

M-tron Industries Stock Down 2.3%

MPTI opened at $51.43 on Friday. The stock has a market cap of $150.69 million, a P/E ratio of 20.99, a P/E/G ratio of 0.80 and a beta of 0.78. M-tron Industries, Inc. has a 12 month low of $34.50 and a 12 month high of $70.31. The company has a fifty day simple moving average of $52.97 and a 200 day simple moving average of $47.38.

M-tron Industries (NYSEAMERICAN:MPTI) last posted its earnings results on Wednesday, November 12th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. M-tron Industries had a return on equity of 21.02% and a net margin of 13.51%.The firm had revenue of $14.17 million during the quarter, compared to analysts’ expectations of $13.91 million. On average, equities research analysts expect that M-tron Industries, Inc. will post 2.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Atrium Research upgraded shares of M-tron Industries to a “strong-buy” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, M-tron Industries has a consensus rating of “Strong Buy”.

M-tron Industries 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.