Inspire Investing LLC Acquires New Holdings in Mistras Group, Inc. (NYSE:MG)

Inspire Investing LLC acquired a new position in Mistras Group, Inc. (NYSE:MG - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 79,796 shares of the technology company's stock, valued at approximately $907,000. Inspire Investing LLC owned 0.26% of Mistras Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MG. American Century Companies Inc. raised its stake in Mistras Group by 27.6% in the second quarter. American Century Companies Inc. now owns 14,536 shares of the technology company's stock worth $121,000 after buying an additional 3,143 shares in the last quarter. Heron Bay Capital Management raised its position in shares of Mistras Group by 43.0% in the 1st quarter. Heron Bay Capital Management now owns 14,907 shares of the technology company's stock worth $143,000 after acquiring an additional 4,479 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Mistras Group by 12.3% in the 2nd quarter. Rhumbline Advisers now owns 26,250 shares of the technology company's stock valued at $218,000 after purchasing an additional 2,884 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Mistras Group by 8.8% during the first quarter. Janney Montgomery Scott LLC now owns 45,150 shares of the technology company's stock valued at $432,000 after purchasing an additional 3,665 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Mistras Group in the second quarter worth $600,000. 74.92% of the stock is owned by hedge funds and other institutional investors.

Mistras Group Stock Down 0.5 %

Mistras Group stock traded down $0.06 on Tuesday, hitting $11.55. 141,727 shares of the stock traded hands, compared to its average volume of 94,400. Mistras Group, Inc. has a 1 year low of $5.18 and a 1 year high of $12.27. The firm has a market cap of $357.67 million, a P/E ratio of -30.39, a price-to-earnings-growth ratio of 0.88 and a beta of 1.72. 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 business's fifty day simple moving average is $11.12 and its 200 day simple moving average is $9.64.

Mistras Group (NYSE:MG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.06. The company had revenue of $189.77 million during the quarter, compared to analysts' expectations of $188.30 million. Mistras Group had a negative net margin of 0.74% and a positive return on equity of 9.19%. As a group, sell-side analysts forecast that Mistras Group, Inc. will post 0.79 earnings per share for the current year.

Insider Transactions at Mistras Group

In related news, EVP Michael J. Lange sold 12,827 shares of the firm's 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 completion of the transaction, the executive vice president now owns 265,176 shares of the company's stock, valued at $2,861,249.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Michael J. Lange sold 12,827 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $10.79, for a total value 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael J. Lange sold 6,111 shares of the firm's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $11.17, for a total transaction of $68,259.87. Following the sale, the executive vice president now owns 240,515 shares of the company's stock, valued at approximately $2,686,552.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,644 shares of company stock valued at $478,923 in the last ninety days. 12.30% of the stock is currently 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.