Insider Buying: Mistras Group, Inc. (NYSE:MG) Director Acquires 10,000 Shares of Stock

Mistras Group, Inc. (NYSE:MG - Get Free Report) Director Nicholas Debenedictis purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were acquired at an average cost of $9.84 per share, for a total transaction of $98,400.00. Following the completion of the transaction, the director now owns 217,511 shares of the company's stock, valued at $2,140,308.24. This trade represents a 4.82 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, March 20th, Nicholas Debenedictis purchased 1,038 shares of Mistras Group stock. The shares were acquired at an average cost of $10.01 per share, with a total value of $10,390.38.

Mistras Group Stock Performance

Shares of MG traded up $0.11 on Monday, reaching $10.69. 158,256 shares of the company's stock traded hands, compared to its average volume of 113,615. The stock has a market cap of $331.73 million, a PE ratio of 30.54, a PEG 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. The stock's 50 day simple moving average is $9.89 and its two-hundred day simple moving average is $9.93. Mistras Group, Inc. has a 52-week low of $7.45 and a 52-week high of $12.44.

Analyst Ratings Changes

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

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Institutional Investors Weigh In On Mistras Group

A number of institutional investors have recently made changes to their positions in MG. Heck Capital Advisors LLC bought a new position in shares of Mistras Group during the fourth quarter valued at about $50,000. Mackenzie Financial Corp bought a new position in Mistras Group during the 4th quarter worth approximately $126,000. Public Employees Retirement System of Ohio increased its stake in Mistras Group by 19.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 14,983 shares of the technology company's stock worth $136,000 after purchasing an additional 2,400 shares during the period. Squarepoint Ops LLC lifted its position in Mistras Group by 75.1% in the fourth quarter. Squarepoint Ops LLC now owns 67,820 shares of the technology company's stock valued at $614,000 after purchasing an additional 29,086 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Mistras Group during the fourth quarter valued at approximately $96,000. Hedge funds and other institutional investors own 74.92% of the company's stock.

Mistras Group Company 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.