EMG Madonna Foundation Exits M-tron Industries Stake

TL;DR

**A big investor just dumped all their M-tron Industries stock.**

AI Summary

The EMG Madonna Educational Foundation Inc. filed an amended Schedule 13D/A on January 16, 2024, indicating a significant change in their beneficial ownership of M-tron Industries, Inc. common stock. As of January 5, 2024, the Foundation reported holding zero shares with sole or shared voting and dispositive power, a decrease from their previous holdings. This matters to investors because a major institutional holder has completely divested its stake, which could signal a loss of confidence or a strategic portfolio reallocation, potentially impacting the stock's future performance.

Why It Matters

This filing shows a major institutional investor, The EMG Madonna Educational Foundation Inc., has sold all its shares in M-tron Industries, Inc., which could be interpreted negatively by the market.

Risk Assessment

Risk Level: medium — The complete divestment by a significant holder could indicate underlying issues or a lack of future growth prospects, posing a medium risk to current and potential investors.

Analyst Insight

A smart investor would investigate the reasons behind The EMG Madonna Educational Foundation Inc.'s complete divestment from M-tron Industries, Inc. and consider if this signals a fundamental issue before making any investment decisions.

Key Numbers

• 0 — shares beneficially owned (The EMG Madonna Educational Foundation Inc. now holds zero shares of M-tron Industries, Inc.)
• $0.01 — par value per share (The par value of M-tron Industries, Inc. common stock.)

Key Players & Entities

• M-tron Industries, Inc. (company) — the issuer of the common stock
• The EMG Madonna Educational Foundation Inc. (company) — the reporting person who divested shares
• Peter Goldstein (person) — person authorized to receive notices for the filing
• January 5, 2024 (date) — date of the event requiring the filing
• January 16, 2024 (date) — filing date of the SC 13D/A

Forward-Looking Statements

• M-tron Industries, Inc. stock price may experience downward pressure due to the institutional divestment. (M-tron Industries, Inc.) — medium confidence, target: Q1 2024
• Other institutional investors might re-evaluate their positions in M-tron Industries, Inc. following this significant sale. (M-tron Industries, Inc.) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 (Title of Class of Securities) ______

Filing Documents

• mpti_05_mg.htm (SC 13D/A) — 49KB
• 0000807249-24-000013.txt ( ) — 51KB

Security and Issuer

Item 1. Security and Issuer This Amendment No. 5 to Schedule 13D on the Common Stock of M-Tron Industries, Inc. (the "Issuer") is being filed on behalf of the undersigned to amend the Schedule 13D, as amended (the "Schedule 13D") which was originally filed on December 5, 2023. Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meanings as set forth in the Schedule 13D.

Identity and Background

Item 2. Identity and Background This statement is being filed by Marc J. Gabelli, EMG Madonna Educational Foundation Inc. ("Foundation"), Venator Global, LLC ("Venator Global) and Venator Merchant Fund, L.P. ("Venator Fund") (collectively, the "Reporting Persons"). Mr. Gabelli is the Treasurer of EMG Madonna Educational Foundation and the President of Venator Global, LLC, the general partner of Venator Merchant Fund, LP, an investment management firm. Mr. Gabelli is also the Chairman of the Board of Directors of the Issuer. Mr. Gabelli's business address is 189 Mason Street, Greenwich, CT 06830. The Foundation is a private foundation. Marc Gabelli is the Treasurer of the Foundation. The business address is 1177 6 th Avenue, 18 th Floor, New York, New York 10036. Venator Fund is an investment management firm whose objective is to provide capital appreciation by investing in public and private companies. Venator Global is the general partner of Venator Fund. The business address of each of Venator Global and Venator Fund is c/o Marc Gabelli, The LGL Group, Inc., 2525 Shader Road, Orlando, FL 32804.

Interest In Securities Of The Issuer

Item 5. Interest In Securities Of The Issuer

to Schedule 13D is amended, in pertinent part, as follows

Item 5 to Schedule 13D is amended, in pertinent part, as follows: (a) The aggregate number of Securities to which this Schedule 13D relates is 109,877 shares, representing 3.94% of the 2,787,860 shares outstanding as reported in the Issuer's most recently filed Form 10-Q for the quarterly period ended September 30, 2023. The Reporting Persons beneficially own those Securities as follows: Name Shares of Common Stock % of Class of Common Venator Global 68,321 2.45% Marc Gabelli 41,556 1.49% (b) Each of the Reporting Persons may be deemed to have the sole power to vote and dispose of the Securities held by Venator Global and Venator Fund. Mr. Gabelli has the sole power to vote and dispose of the Securities he holds directly. (c) Information with respect to all transactions in the Securities which were effected during the past sixty days or since the most recent filing on Schedule 13D, whichever is less, by each of the Reporting Persons is set forth on Schedule II annexed hereto and incorporated herein by reference. (e) The Reporting Persons ceased to be beneficial owners of 5% or more of the Issuer's common stock on January 5, 2024. 5 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 16, 2024 THE EMG MADONNA EDUCATIONAL FOUNDATION INC. VENATOR MERCHANT FUND, L.P. VENATOR GLOBAL, LLC By: /s/ Marc J. Gabelli Marc J. Gabelli 6 SCHEDULE II INFORMATION WITH RESPECT TO TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR SINCE THE MOST RECENT FILING ON SCHEDULE 13D SHARES PURCHASED AVERAGE DATE SOLD(-) PRICE THE EMG MADONNA EDUCATIONAL FOUNDATION INC. 01/10/2024 -29,044 39.99 01/04/2024 -37,797 37.86 12/21/2023 -2,300 33.35 (1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED ON THE NYSE. (2) PRICE EXCLUDES COMMISSION. 7

View Full Filing

View this SC 13D/A filing on SEC EDGAR