Michael J. Lange Sells 12,827 Shares of Mistras Group, Inc. (NYSE:MG) Stock

Mistras Group, Inc. (NYSE:MG) EVP Michael J. Lange sold 12,827 shares of the 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 directly owns 265,176 shares in the company, valued at approximately $2,861,249.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Mistras Group Stock Up 0.8 %

Shares of Mistras Group stock opened at $11.24 on Friday. Mistras Group, Inc. has a 12-month low of $4.96 and a 12-month high of $12.27. The stock has a market capitalization of $348.07 million, a P/E ratio of -29.58 and a beta of 1.72. The company has a quick ratio of 1.56, a current ratio of 1.69 and a debt-to-equity ratio of 1.04. The stock has a 50 day moving average price of $10.69 and a two-hundred day moving average price of $9.44.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.06. The business had revenue of $189.77 million during the quarter, compared to the consensus estimate of $188.30 million. Mistras Group had a negative net margin of 0.74% and a positive return on equity of 9.19%. Equities analysts expect that Mistras Group, Inc. will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On Mistras Group

Several hedge funds and other institutional investors have recently made changes to their positions in MG. Victory Capital Management Inc. bought a new stake in Mistras Group during the 4th quarter valued at approximately $106,000. Mill Road Capital Management LLC boosted its position in shares of Mistras Group by 0.6% in the fourth 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 during the period. Janney Montgomery Scott LLC grew its stake in shares of Mistras Group by 8.8% in the first quarter. Janney Montgomery Scott LLC now owns 45,150 shares of the technology company’s stock worth $432,000 after acquiring an additional 3,665 shares during the last quarter. Empowered Funds LLC increased its position in Mistras Group by 8.2% during the first quarter. Empowered Funds LLC now owns 170,592 shares of the technology company’s stock worth $1,631,000 after acquiring an additional 12,884 shares during the period. Finally, Vanguard Group Inc. raised its stake in Mistras Group by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 1,201,864 shares of the technology company’s stock valued at $11,490,000 after purchasing an additional 29,140 shares during the last quarter. 74.92% of the stock is owned by institutional investors and hedge funds.

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.