Royce & Associates LP Increases Stake in Mistras Group, Inc. (NYSE:MG)

Royce & Associates LP grew its holdings in Mistras Group, Inc. (NYSE:MG - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,441,967 shares of the technology company's stock after acquiring an additional 124,270 shares during the quarter. Royce & Associates LP owned about 4.65% of Mistras Group worth $13,064,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MG. GSA Capital Partners LLP grew its position in shares of Mistras Group by 13.0% in the 3rd quarter. GSA Capital Partners LLP now owns 51,797 shares of the technology company's stock valued at $589,000 after buying an additional 5,962 shares during the last quarter. Empowered Funds LLC boosted its stake in Mistras Group by 5.3% in the third quarter. Empowered Funds LLC now owns 193,514 shares of the technology company's stock valued at $2,200,000 after acquiring an additional 9,782 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Mistras Group by 26.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,215 shares of the technology company's stock valued at $1,162,000 after acquiring an additional 21,505 shares in the last quarter. Foundry Partners LLC grew its holdings in shares of Mistras Group by 1.0% during the third quarter. Foundry Partners LLC now owns 379,713 shares of the technology company's stock worth $4,317,000 after purchasing an additional 3,593 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Mistras Group by 516.2% during the third quarter. BNP Paribas Financial Markets now owns 26,165 shares of the technology company's stock worth $297,000 after purchasing an additional 21,919 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company's stock.

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Insiders Place Their Bets

In related news, Director Nicholas Debenedictis acquired 10,000 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was bought at an average cost of $9.84 per share, with a total value of $98,400.00. Following the transaction, the director now owns 217,511 shares of the company's stock, valued at $2,140,308.24. The trade was a 4.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12.30% of the stock is currently owned by insiders.

Mistras Group Stock Performance

Shares of Mistras Group stock traded up $0.57 during trading on Friday, reaching $10.58. The company's stock had a trading volume of 397,245 shares, compared to its average volume of 113,188. The company has a 50-day moving average price of $9.85 and a two-hundred day moving average price of $9.96. Mistras Group, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $12.44. The firm has a market cap of $328.32 million, a PE ratio of 30.23, a P/E/G 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.

Analyst Upgrades and Downgrades

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

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.