Mistras Group, Inc. (NYSE:MG) EVP Michael J. Lange Sells 24,706 Shares

Mistras Group, Inc. (NYSE:MG) EVP Michael J. Lange sold 24,706 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $11.02, for a total value of $272,260.12. Following the sale, the executive vice president now directly owns 278,003 shares in the company, valued at $3,063,593.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Mistras Group Trading Up 3.3 %

Mistras Group stock opened at $11.24 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.69 and a quick ratio of 1.56. Mistras Group, Inc. has a one year low of $4.96 and a one year high of $12.27. The stock has a market capitalization of $348.07 million, a PE ratio of -29.58 and a beta of 1.72. The business’s fifty day moving average is $10.56 and its 200 day moving average is $9.38.

Mistras Group (NYSE:MG) last released 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. Mistras Group had a positive return on equity of 9.19% and a negative net margin of 0.74%. The company had revenue of $189.77 million for the quarter, compared to analysts’ expectations of $188.30 million. On average, sell-side analysts predict that Mistras Group, Inc. will post 0.8 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MG. Victory Capital Management Inc. purchased a new position in Mistras Group in the fourth quarter worth about $106,000. American Century Companies Inc. boosted its position in Mistras Group by 27.6% in the second quarter. American Century Companies Inc. now owns 14,536 shares of the technology company’s stock worth $121,000 after purchasing an additional 3,143 shares during the last quarter. Heron Bay Capital Management boosted its position in Mistras Group by 43.0% in the first quarter. Heron Bay Capital Management now owns 14,907 shares of the technology company’s stock worth $143,000 after purchasing an additional 4,479 shares during the last quarter. Rhumbline Advisers boosted its position in Mistras Group by 12.3% in the second quarter. Rhumbline Advisers now owns 26,250 shares of the technology company’s stock worth $218,000 after purchasing an additional 2,884 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in 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 purchasing an additional 3,665 shares during the last quarter. 74.92% of the stock is owned by hedge funds and other institutional investors.

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.