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

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

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

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

Mistras Group Stock Performance

MG stock traded down $0.05 during midday trading on Thursday, hitting $10.02. The company’s stock had a trading volume of 284,965 shares, compared to its average volume of 112,142. The stock’s 50-day moving average price is $9.83 and its 200 day moving average price is $9.96. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. Mistras Group, Inc. has a 1 year low of $7.45 and a 1 year high of $12.44. The stock has a market cap of $310.94 million, a price-to-earnings ratio of 28.63, a PEG ratio of 0.73 and a beta of 1.67.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

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

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.