Mistras Group, Inc. (NYSE:MG) Shares Bought by Mill Road Capital Management LLC

Mill Road Capital Management LLC increased its stake in Mistras Group, Inc. (NYSE:MG - Free Report) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,599,145 shares of the technology company's stock after purchasing an additional 72,025 shares during the quarter. Mistras Group comprises about 8.6% of Mill Road Capital Management LLC's portfolio, making the stock its 3rd biggest holding. Mill Road Capital Management LLC owned 5.16% of Mistras Group worth $18,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of MG. Rhumbline Advisers lifted its stake in Mistras Group by 12.3% during the second quarter. Rhumbline Advisers now owns 26,250 shares of the technology company's stock valued at $218,000 after buying an additional 2,884 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Mistras Group by 27.6% in the 2nd quarter. American Century Companies Inc. now owns 14,536 shares of the technology company's stock valued at $121,000 after purchasing an additional 3,143 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings 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. Foundry Partners LLC increased its holdings 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 purchasing an additional 3,593 shares during the period. Finally, GSA Capital Partners LLP increased its holdings 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. 74.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mistras Group news, EVP Michael J. Lange sold 12,827 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $10.79, for a total transaction of $138,403.33. Following the transaction, the executive vice president now owns 265,176 shares in the company, valued at $2,861,249.04. This trade represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 43,644 shares of company stock worth $478,923. Insiders own 12.30% of the company's stock.

Mistras Group Stock Up 2.8 %

NYSE:MG traded up $0.25 during mid-day trading on Wednesday, reaching $9.30. The stock had a trading volume of 127,990 shares, compared to its average volume of 102,955. The business's 50 day moving average is $10.25 and its 200 day moving average is $9.82. Mistras Group, Inc. has a fifty-two week low of $6.30 and a fifty-two week high of $12.44. The stock has a market cap of $288.39 million, a P/E ratio of 25.83, a PEG ratio of 0.82 and a beta of 1.78. 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 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.