Pacific Ridge Capital Partners LLC Sells 3,388 Shares of Mistras Group, Inc. (NYSE:MG)

Pacific Ridge Capital Partners LLC reduced its position in Mistras Group, Inc. (NYSE:MG) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 314,417 shares of the technology company’s stock after selling 3,388 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 1.01% of Mistras Group worth $2,849,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MG. Royce & Associates LP lifted its position in Mistras Group by 9.4% during the fourth 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 during the last quarter. Mill Road Capital Management LLC raised its position in shares of Mistras Group by 4.7% during the 3rd quarter. Mill Road Capital Management LLC now owns 1,599,145 shares of the technology company’s stock valued at $18,182,000 after buying an additional 72,025 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Mistras Group by 554.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,512 shares of the technology company’s stock worth $711,000 after acquiring an additional 52,960 shares during the last quarter. Inspire Advisors LLC purchased a new position in Mistras Group in the fourth quarter worth $417,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in Mistras Group by 29.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 124,091 shares of the technology company’s stock valued at $1,411,000 after acquiring an additional 27,950 shares during the last quarter. 74.92% of the stock is currently owned by institutional investors.

Mistras Group Stock Down 1.8 %

Shares of NYSE MG opened at $10.60 on Thursday. The stock has a market capitalization of $328.82 million, a P/E ratio of 30.27, a PEG ratio of 0.73 and a beta of 1.67. Mistras Group, Inc. has a one year low of $7.45 and a one year high of $12.44. The firm’s 50 day simple moving average is $9.97 and its two-hundred day simple moving average is $9.93. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Nicholas Debenedictis bought 10,000 shares of the stock in a transaction dated Tuesday, March 18th. The stock was bought at an average price of $9.84 per share, with a total value of $98,400.00. Following the purchase, the director now owns 217,511 shares in the company, valued at approximately $2,140,308.24. The trade was a 4.82 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 12.30% of the stock is owned by corporate insiders.

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.