Mistras Group, Inc. (NYSE:MG) Director Acquires $10,390.38 in Stock

Mistras Group, Inc. (NYSE:MG) Director Nicholas Debenedictis purchased 1,038 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average price of $10.01 per share, for a total transaction of $10,390.38. Following the completion of the transaction, the director now owns 227,511 shares in the company, valued at $2,277,385.11. The trade was a 0.46 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Nicholas Debenedictis also recently made the following trade(s):

• On Tuesday, March 18th, Nicholas Debenedictis purchased 10,000 shares of Mistras Group stock. The shares were acquired at an average price of $9.84 per share, for a total transaction of $98,400.00.

Mistras Group Price Performance

NYSE MG traded down $0.05 during trading hours on Thursday, reaching $10.02. 284,965 shares of the company’s stock were exchanged, compared to its average volume of 112,142. The firm has a fifty day moving average of $9.83 and a 200-day moving average of $9.96. Mistras Group, Inc. has a one year low of $7.45 and a one year high of $12.44. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. The stock has a market cap of $310.94 million, a PE ratio of 28.63, a price-to-earnings-growth ratio of 0.73 and a beta of 1.67.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Barclays PLC lifted its holdings in Mistras Group by 5.2% during the 4th quarter. Barclays PLC now owns 39,706 shares of the technology company’s stock worth $359,000 after buying an additional 1,946 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Mistras Group by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 63,851 shares of the technology company’s stock worth $578,000 after buying an additional 2,033 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Mistras Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 455,532 shares of the technology company’s stock worth $4,128,000 after buying an additional 2,143 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Mistras Group by 19.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 14,983 shares of the technology company’s stock worth $136,000 after buying an additional 2,400 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Mistras Group by 10.6% during the 4th quarter. BNP Paribas Financial Markets now owns 28,929 shares of the technology company’s stock worth $262,000 after buying an additional 2,764 shares in the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Mistras Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th.

Mistras Group Company Profile

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.