Mistras Group, Inc. (NYSE:MG - Get Free Report) Director Nicholas Debenedictis acquired 1,038 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average price of $10.01 per share, for a total transaction of $10,390.38. Following the completion of the transaction, the director now owns 227,511 shares in the company, valued at $2,277,385.11. The trade was a 0.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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 Price Performance
NYSE MG opened at $10.02 on Friday. 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. Mistras Group, Inc. has a 52-week low of $7.45 and a 52-week high of $12.44. The business has a 50 day simple moving average of $9.85 and a 200 day simple moving average of $9.96. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 1.68.
Institutional Investors Weigh In On Mistras Group
Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC grew its holdings in shares of Mistras Group by 5.3% during the third quarter. Empowered Funds LLC now owns 193,514 shares of the technology company's stock worth $2,200,000 after purchasing an additional 9,782 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Mistras Group by 26.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,215 shares of the technology company's stock valued at $1,162,000 after acquiring an additional 21,505 shares in the last quarter. Foundry Partners LLC grew its holdings in Mistras Group by 1.0% during the third quarter. Foundry Partners LLC now owns 379,713 shares of the technology company's stock worth $4,317,000 after buying an additional 3,593 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Mistras Group by 516.2% during the third quarter. BNP Paribas Financial Markets now owns 26,165 shares of the technology company's stock worth $297,000 after buying an additional 21,919 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Mistras Group by 29.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 124,091 shares of the technology company's stock valued at $1,411,000 after purchasing an additional 27,950 shares during the period. Institutional investors and hedge funds own 74.92% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of Mistras Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th.
Read Our Latest Analysis on Mistras Group
Mistras Group Company Profile
(
Get Free Report)
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.
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