Insider Buying: Mistras Group, Inc. (NYSE:MG) Director Acquires 1,038 Shares of Stock

Mistras Group, Inc. (NYSE:MG - Get Free Report) Director Nicholas Debenedictis purchased 1,038 shares of the business's stock in a transaction on Thursday, March 20th. The shares were bought at an average price of $10.01 per share, for a total transaction of $10,390.38. Following the acquisition, the director now owns 227,511 shares in the company, valued at $2,277,385.11. This trade represents a 0.46 % increase in their ownership of the stock. The acquisition was disclosed in a 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 bought 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 Performance

MG stock traded up $0.11 during trading on Monday, hitting $10.69. The company had a trading volume of 158,256 shares, compared to its average volume of 113,615. Mistras Group, Inc. has a 1-year low of $7.45 and a 1-year high of $12.44. The firm has a 50-day moving average price of $9.89 and a 200-day moving average price of $9.93. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. The firm has a market cap of $331.73 million, a PE ratio of 30.54, a price-to-earnings-growth ratio of 0.73 and a beta of 1.67.

Analysts Set New Price Targets

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.

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Institutional Investors Weigh In On Mistras Group

Hedge funds have recently modified their holdings of the stock. Barclays PLC lifted its stake in shares of Mistras Group by 118.5% in the 3rd quarter. Barclays PLC now owns 37,760 shares of the technology company's stock worth $430,000 after acquiring an additional 20,482 shares during the period. Geode Capital Management LLC raised its holdings in Mistras Group by 0.9% during the third quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company's stock worth $5,156,000 after purchasing an additional 4,014 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Mistras Group by 554.4% in the third 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 during the period. State Street Corp boosted its holdings in Mistras Group by 4.8% in the 3rd quarter. State Street Corp now owns 317,579 shares of the technology company's stock valued at $3,611,000 after purchasing an additional 14,651 shares in the last quarter. Finally, Mill Road Capital Management LLC increased its position in Mistras Group by 4.7% during 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. 74.92% of the stock is owned by institutional investors and hedge funds.

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.