Mistras Group, Inc. (NYSE:MG) Director Nicholas Debenedictis Purchases 10,000 Shares of Stock

Mistras Group, Inc. (NYSE:MG) Director Nicholas Debenedictis purchased 10,000 shares of Mistras Group stock in a transaction dated Tuesday, March 18th. The shares were purchased at an average price of $9.84 per share, with a total value of $98,400.00. Following the completion of the transaction, the director now directly owns 217,511 shares in the company, valued at approximately $2,140,308.24. This represents a 4.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

Nicholas Debenedictis also recently made the following trade(s):

• On Thursday, March 20th, Nicholas Debenedictis purchased 1,038 shares of Mistras Group stock. The stock was bought at an average cost of $10.01 per share, for a total transaction of $10,390.38.

Mistras Group Trading Down 0.5 %

Shares of NYSE MG opened at $10.02 on Friday. Mistras Group, Inc. has a 1 year low of $7.45 and a 1 year high of $12.44. The firm has a 50-day moving average of $9.85 and a 200 day moving average of $9.96. The stock has a market cap of $310.94 million, a P/E ratio of 28.63, 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.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Mistras Group

Hedge funds have recently added to or reduced their stakes in the stock. Mill Road Capital Management LLC boosted its stake in Mistras Group by 7.8% during the 4th quarter. Mill Road Capital Management LLC now owns 1,724,482 shares of the technology company’s stock valued at $15,624,000 after purchasing an additional 125,337 shares during the last quarter. Royce & Associates LP increased its holdings 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 buying an additional 124,270 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Mistras Group by 225.6% in the 4th quarter. Ameriprise Financial Inc. now owns 160,087 shares of the technology company’s stock worth $1,450,000 after purchasing an additional 110,916 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Mistras Group by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,461,339 shares of the technology company’s stock valued at $13,240,000 after buying an additional 102,665 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Mistras Group by 76.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 219,075 shares of the technology company’s stock valued at $1,985,000 after purchasing an additional 94,984 shares in the last quarter. 74.92% of the stock is owned by institutional investors.

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.