Dimensional Fund Advisors LP Boosts Stake in Mistras Group, Inc. (NYSE:MG)

Dimensional Fund Advisors LP boosted its holdings in shares of Mistras Group, Inc. (NYSE:MG - Free Report) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,311,715 shares of the technology company's stock after purchasing an additional 44,550 shares during the period. Dimensional Fund Advisors LP owned about 4.24% of Mistras Group worth $10,874,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Empowered Funds LLC boosted its position in Mistras Group by 8.2% during the 1st quarter. Empowered Funds LLC now owns 170,592 shares of the technology company's stock valued at $1,631,000 after acquiring an additional 12,884 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Mistras Group by 5.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 82,663 shares of the technology company's stock worth $790,000 after purchasing an additional 4,517 shares in the last quarter. Mill Road Capital Management LLC lifted its position in Mistras Group by 0.6% in the 4th quarter. Mill Road Capital Management LLC now owns 1,514,901 shares of the technology company's stock valued at $11,089,000 after acquiring an additional 9,779 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Mistras Group by 8.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 45,150 shares of the technology company's stock valued at $432,000 after acquiring an additional 3,665 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Mistras Group by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 1,201,864 shares of the technology company's stock valued at $11,490,000 after acquiring an additional 29,140 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company's stock.

Mistras Group Stock Up 1.1 %

MG stock traded up $0.12 during midday trading on Monday, hitting $11.42. The company's stock had a trading volume of 101,281 shares, compared to its average volume of 93,679. The company has a market cap of $353.64 million, a PE ratio of -30.05 and a beta of 1.72. Mistras Group, Inc. has a 12 month low of $5.09 and a 12 month high of $12.27. The company has a current ratio of 1.69, a quick ratio of 1.56 and a debt-to-equity ratio of 1.04. The firm's 50-day moving average is $10.93 and its 200-day moving average is $9.55.

Mistras Group (NYSE:MG - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.06. The business had revenue of $189.77 million for the quarter, compared to analysts' expectations of $188.30 million. Mistras Group had a positive return on equity of 9.19% and a negative net margin of 0.74%. On average, equities research analysts forecast that Mistras Group, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Activity at Mistras Group

In other Mistras Group news, EVP Michael J. Lange sold 12,827 shares of the business's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $10.79, for a total transaction of $138,403.33. Following the completion of the sale, the executive vice president now directly owns 265,176 shares in the company, valued at approximately $2,861,249.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mistras Group news, EVP Michael J. Lange sold 12,827 shares of the business's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $10.79, for a total transaction of $138,403.33. Following the completion of the sale, the executive vice president now directly owns 265,176 shares in the company, valued at approximately $2,861,249.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael J. Lange sold 24,706 shares of the business's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $11.02, for a total transaction of $272,260.12. Following the sale, the executive vice president now owns 278,003 shares of the company's stock, valued at approximately $3,063,593.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,644 shares of company stock valued at $478,923. 12.30% of the stock is owned by corporate insiders.

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.