Inspire Advisors LLC Invests $417,000 in Mistras Group, Inc. (NYSE:MG)

Inspire Advisors LLC acquired a new position in Mistras Group, Inc. (NYSE:MG) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 46,004 shares of the technology company’s stock, valued at approximately $417,000.

A number of other large investors have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Mistras Group by 21.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,630 shares of the technology company’s stock valued at $212,000 after purchasing an additional 3,327 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Mistras Group by 13.0% in the 3rd quarter. GSA Capital Partners LLP now owns 51,797 shares of the technology company’s stock valued at $589,000 after purchasing an additional 5,962 shares during the period. Empowered Funds LLC lifted its stake in shares of Mistras Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 193,514 shares of the technology company’s stock valued at $2,200,000 after purchasing an additional 9,782 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Mistras Group by 26.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,215 shares of the technology company’s stock valued at $1,162,000 after buying an additional 21,505 shares in the last quarter. Finally, Foundry Partners LLC increased its position in Mistras Group by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 379,713 shares of the technology company’s stock valued at $4,317,000 after buying an additional 3,593 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors.

Mistras Group Stock Performance

Shares of MG opened at $10.22 on Thursday. The business’s fifty day simple moving average is $9.73 and its two-hundred day simple moving average is $10.02. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. Mistras Group, Inc. has a 12 month low of $7.45 and a 12 month high of $12.44. The company has a market cap of $317.02 million, a price-to-earnings ratio of 29.21, a P/E/G ratio of 0.73 and a beta of 1.67.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Mistras Group from a “strong-buy” rating to a “buy” rating in a research report 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.