Foundry Partners LLC Has $4.32 Million Holdings in Mistras Group, Inc. (NYSE:MG)

Foundry Partners LLC grew its holdings in Mistras Group, Inc. (NYSE:MG) by 1.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 379,713 shares of the technology company’s stock after purchasing an additional 3,593 shares during the period. Foundry Partners LLC owned about 1.22% of Mistras Group worth $4,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Inspire Investing LLC bought a new position in Mistras Group during the third quarter worth $907,000. Mercer Global Advisors Inc. ADV bought a new position in Mistras Group during the second quarter worth $600,000. Dimensional Fund Advisors LP boosted 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 worth $10,874,000 after purchasing an additional 44,550 shares during the period. Assenagon Asset Management S.A. boosted its position in Mistras Group by 43.1% during the third quarter. Assenagon Asset Management S.A. now owns 97,808 shares of the technology company’s stock worth $1,112,000 after purchasing an additional 29,457 shares during the period. Finally, Vanguard Group Inc. boosted its position in Mistras Group by 2.5% during the first quarter. Vanguard Group Inc. now owns 1,201,864 shares of the technology company’s stock worth $11,490,000 after purchasing an additional 29,140 shares during the period. 74.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Michael J. Lange sold 24,706 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $11.02, for a total value of $272,260.12. Following the completion of the sale, the executive vice president now owns 278,003 shares of the company’s stock, valued at approximately $3,063,593.06. The trade was a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 43,644 shares of company stock valued at $478,923. 12.30% of the stock is owned by company insiders.

Mistras Group Trading Up 1.4 %

MG stock opened at $9.15 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. The company has a fifty day moving average price of $10.54 and a two-hundred day moving average price of $9.78. Mistras Group, Inc. has a one year low of $6.30 and a one year high of $12.44. The stock has a market cap of $283.74 million, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75.

Mistras Group 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.