Nicholas Debenedictis Purchases 10,000 Shares of Mistras Group, Inc. (NYSE:MG) Stock

Mistras Group, Inc. (NYSE:MG) Director Nicholas Debenedictis acquired 10,000 shares of the stock in a transaction on Tuesday, March 18th. The stock was bought at an average cost of $9.84 per share, with a total value of $98,400.00. Following the completion of the transaction, the director now owns 217,511 shares in the company, valued at $2,140,308.24. This trade represents a 4.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, March 20th, Nicholas Debenedictis purchased 1,038 shares of Mistras Group stock. The stock was bought at an average cost of $10.01 per share, with a total value of $10,390.38.

Mistras Group Trading Down 0.5 %

NYSE MG opened at $10.02 on Friday. The stock has a market cap of $310.94 million, a P/E ratio of 28.63, a P/E/G ratio of 0.73 and a beta of 1.67. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. Mistras Group, Inc. has a 12-month low of $7.45 and a 12-month high of $12.44. The company has a fifty day simple moving average of $9.85 and a two-hundred day simple moving average of $9.96.

Institutional Trading of Mistras Group

Hedge funds have recently modified their holdings of the stock. Mill Road Capital Management LLC increased its holdings in Mistras Group by 7.8% in the fourth quarter. Mill Road Capital Management LLC now owns 1,724,482 shares of the technology company’s stock valued at $15,624,000 after buying an additional 125,337 shares in the last quarter. Royce & Associates LP boosted its holdings in Mistras Group by 9.4% in the 4th quarter. Royce & Associates LP now owns 1,441,967 shares of the technology company’s stock worth $13,064,000 after buying an additional 124,270 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Mistras Group by 225.6% in the fourth quarter. Ameriprise Financial Inc. now owns 160,087 shares of the technology company’s stock valued at $1,450,000 after acquiring an additional 110,916 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Mistras Group by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,461,339 shares of the technology company’s stock worth $13,240,000 after purchasing an additional 102,665 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Mistras Group by 76.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 219,075 shares of the technology company’s stock valued at $1,985,000 after acquiring an additional 94,984 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a 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.