Mistras Group, Inc. (NYSE:MG) Director Nicholas Debenedictis Acquires 1,038 Shares

Mistras Group, Inc. (NYSE:MG) Director Nicholas Debenedictis acquired 1,038 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average cost of $10.01 per share, with a total value of $10,390.38. Following the transaction, the director now directly owns 227,511 shares in the company, valued at $2,277,385.11. This trade represents a 0.46 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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 purchased at an average price of $9.84 per share, for a total transaction of $98,400.00.

Mistras Group Stock Up 5.7 %

Shares of NYSE:MG opened at $10.58 on Friday. The firm’s 50-day moving average is $9.89 and its two-hundred day moving average is $9.94. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. Mistras Group, Inc. has a 1 year low of $7.45 and a 1 year high of $12.44. The firm has a market capitalization of $328.32 million, a PE ratio of 30.23, a price-to-earnings-growth ratio of 0.73 and a beta of 1.67.

Institutional Investors Weigh In On Mistras Group

Several large investors have recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in Mistras Group by 118.5% during the 3rd quarter. Barclays PLC now owns 37,760 shares of the technology company’s stock worth $430,000 after purchasing an additional 20,482 shares during the period. Geode Capital Management LLC grew its position in shares of Mistras Group by 0.9% during the third quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company’s stock worth $5,156,000 after buying an additional 4,014 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Mistras Group by 554.4% during the third quarter. JPMorgan Chase & Co. now owns 62,512 shares of the technology company’s stock worth $711,000 after buying an additional 52,960 shares in the last quarter. State Street Corp increased its stake in shares of Mistras Group by 4.8% during the third quarter. State Street Corp now owns 317,579 shares of the technology company’s stock worth $3,611,000 after buying an additional 14,651 shares during the period. Finally, Mill Road Capital Management LLC raised its holdings in Mistras Group by 4.7% in the third quarter. Mill Road Capital Management LLC now owns 1,599,145 shares of the technology company’s stock valued at $18,182,000 after acquiring an additional 72,025 shares in the last quarter. 74.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.