M-tron Industries, Inc. (NYSEAMERICAN:MPTI – Get Free Report) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 179,880 shares, a drop of 58.2% from the April 15th total of 430,047 shares. Based on an average daily trading volume, of 83,126 shares, the days-to-cover ratio is presently 2.2 days. Currently, 4.5% of the company’s stock are sold short.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Freedom Capital lowered M-tron Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Zacks Research lowered M-tron Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.
View Our Latest Stock Analysis on M-tron Industries
M-tron Industries Trading Up 0.4%
M-tron Industries (NYSEAMERICAN:MPTI – Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. M-tron Industries had a return on equity of 17.69% and a net margin of 16.33%.The firm had revenue of $14.69 million during the quarter, compared to analyst estimates of $14.36 million. Equities research analysts forecast that M-tron Industries will post 2.18 earnings per share for the current fiscal year.
Insider Activity
In other news, CEO Cameron Pforr sold 840 shares of the stock in a transaction dated Monday, May 4th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,507 shares of company stock valued at $100,637 in the last ninety days. 6.60% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On M-tron Industries
Hedge funds have recently bought and sold shares of the business. Herald Investment Management Ltd grew its stake in M-tron Industries by 57.1% during the 3rd quarter. Herald Investment Management Ltd now owns 55,000 shares of the company’s stock valued at $3,035,000 after purchasing an additional 20,000 shares in the last quarter. Wells Fargo & Company MN grew its stake in M-tron Industries by 43.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,847 shares of the company’s stock valued at $152,000 after purchasing an additional 869 shares in the last quarter. First Trust Advisors LP grew its stake in M-tron Industries by 2.7% during the 4th quarter. First Trust Advisors LP now owns 8,244 shares of the company’s stock valued at $439,000 after purchasing an additional 216 shares in the last quarter. Marshall Wace LLP grew its stake in M-tron Industries by 25.6% during the 2nd quarter. Marshall Wace LLP now owns 56,263 shares of the company’s stock valued at $2,363,000 after purchasing an additional 11,470 shares in the last quarter. Finally, State Street Corp grew its stake in M-tron Industries by 9.0% during the 4th quarter. State Street Corp now owns 35,703 shares of the company’s stock valued at $1,900,000 after purchasing an additional 2,962 shares in the last quarter. Institutional investors and hedge funds own 23.31% of the company’s stock.
M-tron Industries Company 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.
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