Insider Buying: Mistras Group, Inc. (NYSE:MG) Director Acquires $10,390.38 in Stock

Mistras Group, Inc. (NYSE:MG) Director Nicholas Debenedictis bought 1,038 shares of Mistras Group stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of $10.01 per share, with a total value of $10,390.38. Following the acquisition, the director now directly owns 227,511 shares of the company’s stock, valued at approximately $2,277,385.11. The trade was a 0.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, March 18th, Nicholas Debenedictis purchased 10,000 shares of Mistras Group stock. The shares were purchased at an average price of $9.84 per share, with a total value of $98,400.00.

Mistras Group Stock Up 5.7 %

Shares of NYSE MG opened at $10.58 on Friday. The stock has a market cap of $328.32 million, a PE ratio of 30.23, a P/E/G ratio of 0.73 and a beta of 1.67. 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 50-day moving average of $9.89 and a 200 day moving average of $9.94.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Mistras Group

A number of large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in Mistras Group by 447.2% during the fourth 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 last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Mistras Group during the 4th quarter worth approximately $50,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of Mistras Group during the 4th quarter valued at approximately $96,000. EntryPoint Capital LLC purchased a new stake in shares of Mistras Group during the 4th quarter valued at approximately $102,000. Finally, Voya Investment Management LLC acquired a new position in Mistras Group in the fourth quarter valued at approximately $124,000. 74.92% of the stock is currently owned by hedge funds and other institutional investors.

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.