Short Interest in Mistras Group, Inc. (NYSE:MG) Increases By 21.6%

Mistras Group, Inc. (NYSE:MG) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 217,600 shares, an increase of 21.6% from the February 28th total of 178,900 shares. Based on an average daily trading volume, of 141,100 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.2% of the company’s shares are short sold.

Mistras Group Stock Down 0.5 %

NYSE MG traded down $0.05 during mid-day trading on Wednesday, hitting $10.44. The company’s stock had a trading volume of 50,732 shares, compared to its average volume of 137,290. The firm has a market capitalization of $323.97 million, a price-to-earnings ratio of 29.83, a PEG ratio of 0.73 and a beta of 1.67. The company’s 50 day simple moving average is $10.05 and its 200 day simple moving average is $9.93. 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 has a twelve month low of $7.45 and a twelve month high of $12.44.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Mistras Group

In related news, Director Nicholas Debenedictis acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were purchased at an average price of $9.84 per share, for a total transaction of $98,400.00. Following the completion of the acquisition, the director now owns 217,511 shares of the company’s stock, valued at approximately $2,140,308.24. This trade represents a 4.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MG. Mill Road Capital Management LLC lifted its position in Mistras Group by 7.8% in the 4th quarter. Mill Road Capital Management LLC now owns 1,724,482 shares of the technology company’s stock valued at $15,624,000 after acquiring an additional 125,337 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Mistras Group by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,461,339 shares of the technology company’s stock valued at $13,240,000 after purchasing an additional 102,665 shares in the last quarter. Royce & Associates LP boosted its position in shares of Mistras Group by 9.4% during the fourth quarter. Royce & Associates LP now owns 1,441,967 shares of the technology company’s stock valued at $13,064,000 after buying an additional 124,270 shares during the last quarter. Geode Capital Management LLC grew its holdings in Mistras Group by 0.5% during the fourth 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. Finally, Bridgeway Capital Management LLC raised its position in Mistras Group by 1.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 420,552 shares of the technology company’s stock valued at $3,810,000 after buying an additional 6,188 shares during the last quarter. 74.92% of the stock is currently owned by institutional investors and hedge funds.

About Mistras Group

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.