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 business’s stock in a transaction dated Tuesday, March 18th. The stock was acquired at an average price of $9.84 per share, for a total transaction of $98,400.00. Following the purchase, the director now directly owns 217,511 shares in the company, valued at approximately $2,140,308.24. The trade was a 4.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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

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

Mistras Group Trading Up 5.7 %

NYSE:MG opened at $10.58 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $328.32 million, a PE ratio of 30.23, a price-to-earnings-growth ratio of 0.73 and a beta of 1.67. The firm’s 50 day moving average is $9.89 and its 200 day moving average is $9.94. Mistras Group, Inc. has a 12 month low of $7.45 and a 12 month high of $12.44.

Institutional Investors Weigh In On Mistras Group

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in shares of Mistras Group by 447.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,379 shares of the technology company’s stock worth $49,000 after purchasing an additional 4,396 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Mistras Group in the 4th quarter worth approximately $50,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Mistras Group in the 4th quarter worth approximately $96,000. EntryPoint Capital LLC bought a new stake in shares of Mistras Group in the 4th quarter worth approximately $102,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Mistras Group by 193.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,583 shares of the technology company’s stock worth $143,000 after purchasing an additional 8,298 shares during the period. Institutional investors own 74.92% of the company’s stock.

Analysts Set New Price Targets

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

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.