Royce & Associates LP Has $14.98 Million Stock Position in Mistras Group, Inc. (NYSE:MG)

Royce & Associates LP cut its holdings in shares of Mistras Group, Inc. (NYSE:MG - Free Report) by 13.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,317,697 shares of the technology company's stock after selling 202,537 shares during the period. Royce & Associates LP owned about 4.25% of Mistras Group worth $14,982,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GSA Capital Partners LLP lifted its stake in 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 purchasing an additional 5,962 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Mistras Group by 21.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,630 shares of the technology company's stock worth $212,000 after buying an additional 3,327 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Mistras Group by 43.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 97,808 shares of the technology company's stock valued at $1,112,000 after acquiring an additional 29,457 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Mistras Group during the 3rd quarter valued at $907,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Mistras Group during the 2nd quarter worth $600,000. Institutional investors and hedge funds own 74.92% of the company's stock.

Insider Activity

In other news, EVP Michael J. Lange sold 12,827 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $10.79, for a total value of $138,403.33. Following the completion of the sale, the executive vice president now owns 265,176 shares of the company's stock, valued at approximately $2,861,249.04. This represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 43,644 shares of company stock valued at $478,923 over the last quarter. 12.30% of the stock is owned by company insiders.

Mistras Group Trading Down 0.6 %

Mistras Group stock traded down $0.05 during trading hours on Friday, hitting $8.96. The stock had a trading volume of 117,815 shares, compared to its average volume of 102,321. The business's 50 day simple moving average is $10.64 and its 200-day simple moving average is $9.78. Mistras Group, Inc. has a one year low of $6.30 and a one year high of $12.44. The stock has a market cap of $277.85 million, a price-to-earnings ratio of 25.60, a P/E/G ratio of 0.80 and a beta of 1.75. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.93.

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.