Inspire Investing LLC Buys Shares of 79,796 Mistras Group, Inc. (NYSE:MG)

Inspire Investing LLC purchased a new position in shares of Mistras Group, Inc. (NYSE:MGFree Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 79,796 shares of the technology company’s stock, valued at approximately $907,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MG. Rhumbline Advisers grew its position in shares of Mistras Group by 12.3% during the second quarter. Rhumbline Advisers now owns 26,250 shares of the technology company’s stock worth $218,000 after buying an additional 2,884 shares in the last quarter. American Century Companies Inc. lifted its stake in Mistras Group by 27.6% in the second quarter. American Century Companies Inc. now owns 14,536 shares of the technology company’s stock worth $121,000 after acquiring an additional 3,143 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Mistras Group by 8.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 45,150 shares of the technology company’s stock worth $432,000 after acquiring an additional 3,665 shares in the last quarter. Heron Bay Capital Management increased its position in shares of Mistras Group by 43.0% in the 1st quarter. Heron Bay Capital Management now owns 14,907 shares of the technology company’s stock valued at $143,000 after purchasing an additional 4,479 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Mistras Group by 5.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 82,663 shares of the technology company’s stock valued at $790,000 after purchasing an additional 4,517 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Insider Buying and Selling at Mistras Group

In other news, EVP Michael J. Lange sold 6,111 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $11.17, for a total transaction of $68,259.87. Following the transaction, the executive vice president now directly owns 240,515 shares in the company, valued at approximately $2,686,552.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Michael J. Lange sold 6,111 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $11.17, for a total transaction of $68,259.87. Following the completion of the sale, the executive vice president now owns 240,515 shares in the company, valued at approximately $2,686,552.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael J. Lange sold 12,827 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $10.79, for a total value of $138,403.33. Following the transaction, the executive vice president now directly owns 265,176 shares in the company, valued at approximately $2,861,249.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,644 shares of company stock worth $478,923. 12.30% of the stock is owned by insiders.

Mistras Group Stock Performance

Shares of MG stock opened at $11.61 on Tuesday. The company has a market cap of $359.53 million, a P/E ratio of -30.55, a PEG ratio of 0.88 and a beta of 1.72. The firm has a fifty day moving average price of $11.08 and a 200 day moving average price of $9.63. The company has a current ratio of 1.69, a quick ratio of 1.56 and a debt-to-equity ratio of 1.04. Mistras Group, Inc. has a 12 month low of $5.18 and a 12 month high of $12.27.

Mistras Group (NYSE:MGGet Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.06. Mistras Group had a negative net margin of 0.74% and a positive return on equity of 9.19%. The business had revenue of $189.77 million during the quarter, compared to the consensus estimate of $188.30 million. Sell-side analysts predict that Mistras Group, Inc. will post 0.79 earnings per share for the current fiscal year.

Mistras Group Profile

(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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Institutional Ownership by Quarter for Mistras Group (NYSE:MG)

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