M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Short Interest Update

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) was the recipient of a large 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 volume of 83,126 shares, the days-to-cover ratio is currently 2.2 days. Currently, 4.5% of the company’s stock are sold short.

Insider Buying and Selling

In other M-tron Industries news, CEO Cameron Pforr sold 840 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $66.78, for a total transaction of $56,095.20. Following the transaction, the chief executive officer owned 26,806 shares of the company’s stock, valued at $1,790,104.68. This trade represents a 3.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 1,507 shares of company stock worth $100,637. Company insiders own 6.60% of the company’s stock.

Institutional Trading of M-tron Industries

Several hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP lifted its holdings in shares of M-tron Industries by 2.7% in the 4th quarter. First Trust Advisors LP now owns 8,244 shares of the company’s stock worth $439,000 after purchasing an additional 216 shares during the last quarter. Barclays PLC lifted its holdings in shares of M-tron Industries by 7.1% in the 4th quarter. Barclays PLC now owns 3,830 shares of the company’s stock worth $204,000 after purchasing an additional 254 shares during the last quarter. Solstein Capital LLC bought a new stake in shares of M-tron Industries in the 3rd quarter worth approximately $28,000. State of Alaska Department of Revenue bought a new stake in shares of M-tron Industries in the 4th quarter worth approximately $26,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of M-tron Industries by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,761 shares of the company’s stock worth $435,000 after purchasing an additional 689 shares during the last quarter. Institutional investors own 23.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Freedom Capital downgraded M-tron Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Zacks Research downgraded M-tron Industries from a “hold” rating to a “strong sell” rating in a report 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, M-tron Industries has an average rating of “Hold”.

M-tron Industries Stock Up 0.4%

NYSEAMERICAN:MPTI traded up $0.29 during trading hours on Friday, reaching $79.40. 72,732 shares of the stock were exchanged, compared to its average volume of 82,738. The firm has a 50 day simple moving average of $67.55 and a 200-day simple moving average of $60.91. M-tron Industries has a 52 week low of $36.38 and a 52 week high of $87.23. The stock has a market capitalization of $343.01 million, a P/E ratio of 28.16, a P/E/G ratio of 1.45 and a beta of 0.57.

M-tron Industries (NYSEAMERICAN:MPTI) last released its earnings results on Friday, May 8th. The company reported $0.67 EPS for the quarter, topping 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 company had revenue of $14.69 million for the quarter, compared to the consensus estimate of $14.36 million. As a group, analysts expect that M-tron Industries will post 2.18 earnings per share for the current 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.