Mill Road Capital Management LLC Buys 125,337 Shares of Mistras Group, Inc. (NYSE:MG)

Mill Road Capital Management LLC raised its stake in shares of Mistras Group, Inc. (NYSE:MG - Free Report) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,724,482 shares of the technology company's stock after purchasing an additional 125,337 shares during the period. Mistras Group accounts for 7.4% of Mill Road Capital Management LLC's portfolio, making the stock its 4th largest position. Mill Road Capital Management LLC owned about 5.56% of Mistras Group worth $15,624,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of MG. Royce & Associates LP increased its holdings in shares of Mistras Group by 9.4% during the 4th quarter. Royce & Associates LP now owns 1,441,967 shares of the technology company's stock worth $13,064,000 after buying an additional 124,270 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Mistras Group by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,461,339 shares of the technology company's stock worth $13,240,000 after purchasing an additional 102,665 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Mistras Group by 554.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,512 shares of the technology company's stock valued at $711,000 after purchasing an additional 52,960 shares in the last quarter. Inspire Advisors LLC purchased a new stake in shares of Mistras Group during the 4th quarter worth about $417,000. Finally, Barclays PLC increased its position in Mistras Group by 118.5% during the 3rd quarter. Barclays PLC now owns 37,760 shares of the technology company's stock worth $430,000 after purchasing an additional 20,482 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company's stock.

Mistras Group Stock Down 1.0 %

NYSE MG traded down $0.09 during trading hours on Friday, hitting $9.19. The company had a trading volume of 77,578 shares, compared to its average volume of 128,000. The firm's 50 day moving average is $9.79 and its 200 day moving average is $9.70. 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 fifty-two week low of $7.45 and a fifty-two week high of $12.44. The company has a market capitalization of $287.70 million, a price-to-earnings ratio of 26.26, a P/E/G ratio of 0.73 and a beta of 1.34.

Insider Activity

In other Mistras Group news, Director Nicholas Debenedictis bought 10,000 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were acquired at an average cost of $9.84 per share, with a total value of $98,400.00. Following the completion of the transaction, the director now owns 217,511 shares in the company, valued at $2,140,308.24. The trade was a 4.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.30% of the company's stock.

Wall Street Analyst Weigh In

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

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.