Mistras Group (NYSE:MG) EVP Eileen Mary Coggins Purchases 15,000 Shares of Stock

Mistras Group Inc (NYSE:MG) EVP Eileen Mary Coggins purchased 15,000 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were purchased at an average cost of $9.55 per share, for a total transaction of $143,250.00. Following the transaction, the executive vice president directly owned 15,000 shares in the company, valued at approximately $143,250. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Mistras Group Trading Down 0.8%

Shares of MG opened at $9.59 on Friday. Mistras Group Inc has a fifty-two week low of $7.06 and a fifty-two week high of $12.44. The business has a 50-day moving average of $9.06 and a 200 day moving average of $8.80. The firm has a market cap of $302.47 million, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 0.90 and a beta of 1.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.54 and a current ratio of 1.66.

Mistras Group (NYSE:MG) last released its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $185.41 million for the quarter, compared to the consensus estimate of $186.43 million. Mistras Group had a net margin of 1.64% and a return on equity of 9.37%. As a group, research analysts forecast that Mistras Group Inc will post 0.71 EPS for the current year.

Institutional Trading of Mistras Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its stake in Mistras Group by 25.5% in the 4th quarter. Jane Street Group LLC now owns 22,822 shares of the technology company’s stock worth $207,000 after purchasing an additional 4,632 shares in the last quarter. Ameriprise Financial Inc. increased its stake 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 acquiring an additional 110,916 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Mistras Group by 10.6% during the fourth quarter. BNP Paribas Financial Markets now owns 28,929 shares of the technology company’s stock worth $262,000 after purchasing an additional 2,764 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Mistras Group in the fourth quarter worth approximately $274,000. Finally, Millennium Management LLC raised its stake in Mistras Group by 41.9% in the fourth quarter. Millennium Management LLC now owns 99,763 shares of the technology company’s stock valued at $904,000 after purchasing an additional 29,454 shares in the last quarter. Institutional investors own 74.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Mistras Group from a “hold” rating to a “buy” rating in a report on Friday, September 5th.

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.