Mistras Group, Inc. (NYSE:MG) Shares Acquired by Values First Advisors Inc.

Values First Advisors Inc. grew its position in shares of Mistras Group, Inc. (NYSE:MG) by 7.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 40,568 shares of the technology company’s stock after buying an additional 2,794 shares during the period. Values First Advisors Inc.’s holdings in Mistras Group were worth $297,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its position in Mistras Group by 157.6% during the third quarter. Public Employees Retirement System of Ohio now owns 4,740 shares of the technology company’s stock worth $26,000 after purchasing an additional 2,900 shares in the last quarter. Citigroup Inc. purchased a new position in Mistras Group during the 2nd quarter valued at about $48,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Mistras Group in the third quarter valued at about $53,000. California State Teachers Retirement System acquired a new stake in shares of Mistras Group in the second quarter valued at approximately $53,000. Finally, BNP Paribas Arbitrage SNC purchased a new position in shares of Mistras Group during the 2nd quarter worth approximately $56,000. Institutional investors and hedge funds own 74.92% of the company’s stock.

Mistras Group Trading Down 0.5 %

Shares of Mistras Group stock traded down $0.05 during mid-day trading on Thursday, hitting $9.56. 51,936 shares of the stock were exchanged, compared to its average volume of 83,687. The company has a 50-day simple moving average of $8.51 and a 200 day simple moving average of $7.05. The company has a current ratio of 1.55, a quick ratio of 1.42 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $292.92 million, a price-to-earnings ratio of -16.48 and a beta of 1.64. Mistras Group, Inc. has a twelve month low of $4.96 and a twelve month high of $9.80.

Analysts Set New Price Targets

Separately, TheStreet upgraded Mistras Group from a “d+” rating to a “c-” rating in a report on Tuesday, February 27th.

Insiders Place Their Bets

In related news, EVP Michael J. Lange sold 5,000 shares of Mistras Group stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $8.53, for a total value of $42,650.00. Following the transaction, the executive vice president now owns 341,838 shares in the company, valued at $2,915,878.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.90% 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.