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

Mistras Group, Inc. (NYSE:MG) Director Nicholas Debenedictis acquired 1,038 shares of the company’s stock in a transaction dated 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 purchase, the director now owns 227,511 shares of the company’s stock, valued at approximately $2,277,385.11. This trade represents a 0.46 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, March 18th, Nicholas Debenedictis bought 10,000 shares of Mistras Group stock. The stock was purchased at an average cost 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 stock’s 50-day moving average is $9.89 and its 200 day moving average is $9.95. The company has a market cap of $328.32 million, a PE ratio of 30.23, a P/E/G ratio of 0.73 and a beta of 1.67. 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.

Hedge Funds Weigh In On Mistras Group

Several hedge funds have recently made changes to their positions in the business. Mill Road Capital Management LLC lifted its stake 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 worth $15,624,000 after acquiring an additional 125,337 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Mistras Group by 7.6% in 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 period. Royce & Associates LP boosted its stake in shares of Mistras Group by 9.4% during the 4th quarter. Royce & Associates LP now owns 1,441,967 shares of the technology company’s stock valued at $13,064,000 after purchasing an additional 124,270 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Mistras Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 455,532 shares of the technology company’s stock valued at $4,128,000 after buying an additional 2,143 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in Mistras Group by 1.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 420,552 shares of the technology company’s stock worth $3,810,000 after buying an additional 6,188 shares in the last quarter. 74.92% of the stock is owned by hedge funds and other institutional investors.

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.