Insider Selling: Mistras Group, Inc. (NYSE:MG) EVP Sells 6,111 Shares of Stock

Mistras Group, Inc. (NYSE:MG) EVP Michael J. Lange sold 6,111 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $11.17, for a total transaction of $68,259.87. Following the completion of the sale, the executive vice president now directly owns 240,515 shares in the company, valued at approximately $2,686,552.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mistras Group Stock Performance

NYSE MG opened at $11.14 on Friday. The company’s 50 day moving average is $10.73 and its 200-day moving average is $9.45. The firm has a market cap of $344.97 million, a P/E ratio of -29.32 and a beta of 1.72. Mistras Group, Inc. has a 12-month low of $4.96 and a 12-month high of $12.27. The company has a quick ratio of 1.56, a current ratio of 1.69 and a debt-to-equity ratio of 1.04.

Mistras Group (NYSE:MG) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.21 EPS for the quarter, beating the consensus estimate 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%. Sell-side analysts predict that Mistras Group, Inc. will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On Mistras Group

Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new position in Mistras Group during the fourth quarter valued at approximately $106,000. American Century Companies Inc. grew its stake in Mistras Group by 27.6% in the 2nd 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 grew its stake in 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 buying an additional 4,479 shares in the last quarter. Rhumbline Advisers grew its stake in Mistras Group by 12.3% in the 2nd quarter. Rhumbline Advisers now owns 26,250 shares of the technology company’s stock worth $218,000 after buying an additional 2,884 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Mistras Group by 8.8% in the 1st 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. Hedge funds and other institutional investors own 74.92% of the company’s stock.

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.