Heron Bay Capital Management Has $112,000 Position in Mistras Group, Inc. (NYSE:MG)

Heron Bay Capital Management reduced its stake in shares of Mistras Group, Inc. (NYSE:MG) by 19.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,388 shares of the technology company’s stock after selling 3,044 shares during the quarter. Heron Bay Capital Management’s holdings in Mistras Group were worth $112,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of Mistras Group in the 4th quarter valued at approximately $50,000. Public Employees Retirement System of Ohio grew its position in shares of Mistras Group by 193.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,583 shares of the technology company’s stock valued at $143,000 after purchasing an additional 8,298 shares during the period. XTX Topco Ltd acquired a new position in shares of Mistras Group in the 3rd quarter valued at approximately $151,000. American Century Companies Inc. grew its position in shares of Mistras Group by 35.6% in the 4th quarter. American Century Companies Inc. now owns 32,374 shares of the technology company’s stock valued at $293,000 after purchasing an additional 8,499 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Mistras Group by 516.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 26,165 shares of the technology company’s stock valued at $297,000 after purchasing an additional 21,919 shares during the period. 74.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Mistras Group Price Performance

Shares of MG opened at $10.58 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 1.68. The stock has a 50 day simple moving average of $9.89 and a 200 day simple moving average of $9.94. Mistras Group, Inc. has a 52-week low of $7.45 and a 52-week high of $12.44. The firm has a market capitalization of $328.32 million, a PE ratio of 30.23, a P/E/G ratio of 0.73 and a beta of 1.67.

Insider Buying and Selling at Mistras Group

In other news, Director Nicholas Debenedictis bought 10,000 shares of the business’s stock in a transaction on 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 purchase, the director now owns 217,511 shares of the company’s stock, valued at approximately $2,140,308.24. The trade was a 4.82 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.30% of the company’s stock.

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.