Mistras Group, Inc. (NYSE:MG) Director Purchases $98,400.00 in Stock

Mistras Group, Inc. (NYSE:MG) Director Nicholas Debenedictis bought 10,000 shares of the stock in a transaction on Tuesday, March 18th. The shares were acquired at an average cost of $9.84 per share, for a total transaction of $98,400.00. Following the acquisition, the director now directly owns 217,511 shares in the company, valued at approximately $2,140,308.24. This trade represents a 4.82 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 acquired at an average cost of $10.01 per share, for a total transaction of $10,390.38.

Mistras Group Stock Up 5.7 %

MG opened at $10.58 on Friday. The company has a fifty day moving average price of $9.89 and a 200-day moving average price of $9.94. The firm has a market capitalization of $328.32 million, a P/E ratio of 30.23, a price-to-earnings-growth 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 one year low of $7.45 and a one year high of $12.44.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in shares of Mistras Group during the 4th quarter valued at $50,000. Mackenzie Financial Corp purchased a new position in Mistras Group in the fourth quarter worth $126,000. Public Employees Retirement System of Ohio grew 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 acquiring an additional 2,400 shares in the last quarter. Squarepoint Ops LLC grew its position in Mistras Group by 75.1% in the fourth quarter. Squarepoint Ops LLC now owns 67,820 shares of the technology company’s stock worth $614,000 after acquiring an additional 29,086 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new position in Mistras Group in the fourth quarter worth $96,000. 74.92% of the stock is currently 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 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.