Evernest Financial Advisors LLC Reduces Stake in M-tron Industries, Inc. (NYSEAMERICAN:MPTI)

Evernest Financial Advisors LLC trimmed its position in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 28.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,900 shares of the company’s stock after selling 5,850 shares during the quarter. Evernest Financial Advisors LLC owned approximately 0.52% of M-tron Industries worth $722,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MPTI. Truvestments Capital LLC raised its position in shares of M-tron Industries by 14.0% during the 3rd quarter. Truvestments Capital LLC now owns 8,057 shares of the company’s stock worth $336,000 after purchasing an additional 988 shares during the last quarter. Barclays PLC acquired a new position in shares of M-tron Industries in the third quarter worth $114,000. Geode Capital Management LLC lifted its position in shares of M-tron Industries by 18.6% in the third quarter. Geode Capital Management LLC now owns 23,706 shares of the company’s stock valued at $989,000 after acquiring an additional 3,718 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of M-tron Industries during the fourth quarter valued at $239,000. Institutional investors and hedge funds own 23.31% of the company’s stock.

M-tron Industries Price Performance

MPTI stock opened at $58.06 on Friday. The company has a market capitalization of $166.63 million, a price-to-earnings ratio of 28.76, a PEG ratio of 0.86 and a beta of 1.17. M-tron Industries, Inc. has a one year low of $23.00 and a one year high of $71.10.

About M-tron Industries

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.