Mistras Group, Inc. (NYSE:MG) EVP Sells $138,403.33 in Stock

Mistras Group, Inc. (NYSE:MG) EVP Michael J. Lange sold 12,827 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $10.79, for a total value of $138,403.33. Following the completion of the transaction, the executive vice president now owns 265,176 shares in the company, valued at approximately $2,861,249.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Mistras Group Stock Performance

Shares of MG opened at $11.24 on Friday. The company has a market capitalization of $348.07 million, a PE ratio of -29.58 and a beta of 1.72. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.56 and a current ratio of 1.69. The company’s 50 day moving average price is $10.69 and its 200 day moving average price is $9.44. Mistras Group, Inc. has a 52 week low of $4.96 and a 52 week high of $12.27.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.21 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $188.30 million. Research analysts expect that Mistras Group, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Mill Road Capital Management LLC lifted its holdings in shares of Mistras Group by 0.6% during the 4th quarter. Mill Road Capital Management LLC now owns 1,514,901 shares of the technology company’s stock valued at $11,089,000 after buying an additional 9,779 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Mistras Group by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,311,715 shares of the technology company’s stock valued at $10,874,000 after acquiring an additional 44,550 shares in the last quarter. Vanguard Group Inc. lifted its stake in Mistras Group by 2.5% in the first quarter. Vanguard Group Inc. now owns 1,201,864 shares of the technology company’s stock valued at $11,490,000 after acquiring an additional 29,140 shares during the last quarter. Empowered Funds LLC grew its position in Mistras Group by 8.2% in the first quarter. Empowered Funds LLC now owns 170,592 shares of the technology company’s stock worth $1,631,000 after acquiring an additional 12,884 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Mistras Group by 11.8% during the 2nd quarter. Renaissance Technologies LLC now owns 104,900 shares of the technology company’s stock worth $870,000 after purchasing an additional 11,100 shares during the last quarter. 74.92% of the stock is owned by institutional investors and hedge funds.

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.