Concorde Asset Management LLC Invests $974,000 in M-tron Industries, Inc. $MPTI

Concorde Asset Management LLC bought a new position in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,822 shares of the company’s stock, valued at approximately $974,000. M-tron Industries makes up 0.6% of Concorde Asset Management LLC’s portfolio, making the stock its 24th largest holding.

A number of other large investors have also added to or reduced their stakes in the company. Grandeur Peak Global Advisors LLC bought a new stake in M-tron Industries during the second quarter worth about $5,620,000. Bank of America Corp DE bought a new position in shares of M-tron Industries during the 2nd quarter valued at about $880,000. Legal & General Group Plc bought a new position in shares of M-tron Industries during the 2nd quarter valued at about $40,000. Quantbot Technologies LP purchased a new position in shares of M-tron Industries during the 2nd quarter valued at about $144,000. Finally, Bard Associates Inc. bought a new stake in M-tron Industries in the 2nd quarter worth approximately $4,420,000. Hedge funds and other institutional investors own 23.31% of the company’s stock.

Analyst Ratings Changes

MPTI has been the subject of several research reports. Freedom Capital lowered M-tron Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Zacks Research upgraded shares of M-tron Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, M-tron Industries has an average rating of “Moderate Buy”.

M-tron Industries Price Performance

Shares of M-tron Industries stock opened at $78.25 on Friday. M-tron Industries, Inc. has a one year low of $43.46 and a one year high of $104.85. The business’s 50 day simple moving average is $85.91 and its two-hundred day simple moving average is $77.31. The stock has a market capitalization of $340.39 million, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 1.46 and a beta of 0.77.

M-tron Industries (NYSEAMERICAN:MPTI) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). The firm had revenue of $15.11 million during the quarter, compared to the consensus estimate of $14.75 million. M-tron Industries had a return on equity of 13.03% and a net margin of 16.35%. Sell-side analysts expect that M-tron Industries, Inc. will post 2.17 earnings per share for the current fiscal year.

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.