Inspire Advisors LLC Makes New Investment in Mistras Group, Inc. (NYSE:MG)

Inspire Advisors LLC purchased a new position in Mistras Group, Inc. (NYSE:MG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 46,004 shares of the technology company's stock, valued at approximately $417,000. Inspire Advisors LLC owned approximately 0.15% of Mistras Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mill Road Capital Management LLC raised its position in Mistras Group by 4.7% in the 3rd quarter. Mill Road Capital Management LLC now owns 1,599,145 shares of the technology company's stock worth $18,182,000 after purchasing an additional 72,025 shares during the period. Geode Capital Management LLC increased its holdings in shares of Mistras Group by 0.9% in the third quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company's stock worth $5,156,000 after buying an additional 4,014 shares during the period. Foundry Partners LLC lifted its stake in shares of Mistras Group by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 379,713 shares of the technology company's stock valued at $4,317,000 after acquiring an additional 3,593 shares during the last quarter. State Street Corp boosted its holdings in Mistras Group by 4.8% during the 3rd quarter. State Street Corp now owns 317,579 shares of the technology company's stock valued at $3,611,000 after acquiring an additional 14,651 shares during the period. Finally, Empowered Funds LLC grew its position in Mistras Group by 5.1% during the 4th quarter. Empowered Funds LLC now owns 203,302 shares of the technology company's stock worth $1,842,000 after acquiring an additional 9,788 shares during the last quarter. Hedge funds and other institutional investors own 74.92% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Mistras Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th.

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Mistras Group Price Performance

MG opened at $10.22 on Thursday. The stock's 50 day simple moving average is $9.73 and its 200 day simple moving average is $10.02. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. Mistras Group, Inc. has a 1 year low of $7.45 and a 1 year high of $12.44. The firm has a market cap of $317.02 million, a price-to-earnings ratio of 29.21, a PEG ratio of 0.73 and a beta of 1.67.

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.

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