Renaissance Technologies LLC Acquires 11,100 Shares of Mistras Group, Inc. (NYSE:MG)

Renaissance Technologies LLC boosted its holdings in shares of Mistras Group, Inc. (NYSE:MG) by 11.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,900 shares of the technology company’s stock after purchasing an additional 11,100 shares during the quarter. Renaissance Technologies LLC owned about 0.34% of Mistras Group worth $870,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mill Road Capital Management LLC lifted its position in Mistras Group by 0.6% during 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 last quarter. Dimensional Fund Advisors LP raised its stake in Mistras Group by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,311,715 shares of the technology company’s stock worth $10,874,000 after purchasing an additional 44,550 shares during the period. Vanguard Group Inc. increased its position in shares of Mistras Group by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 1,201,864 shares of the technology company’s stock worth $11,490,000 after purchasing an additional 29,140 shares during the last quarter. Empowered Funds LLC lifted its stake 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 purchasing an additional 12,884 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Mistras Group by 13.8% in the second quarter. Bank of New York Mellon Corp now owns 82,988 shares of the technology company’s stock valued at $688,000 after acquiring an additional 10,046 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Mistras Group Stock Up 1.1 %

Shares of NYSE MG opened at $11.42 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.69 and a quick ratio of 1.56. The company has a market capitalization of $353.64 million, a price-to-earnings ratio of -30.05 and a beta of 1.72. The business has a 50-day moving average of $10.93 and a two-hundred day moving average of $9.55. Mistras Group, Inc. has a 1 year low of $5.09 and a 1 year high of $12.27.

Mistras Group (NYSE:MG) last announced its earnings results on Wednesday, July 31st. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, analysts forecast that Mistras Group, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Mistras Group

In related news, EVP Michael J. Lange sold 12,827 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $10.79, for a total transaction of $138,403.33. Following the completion of the transaction, the executive vice president now owns 265,176 shares in the company, valued at $2,861,249.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Michael J. Lange sold 12,827 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $10.79, for a total transaction of $138,403.33. Following the transaction, the executive vice president now directly owns 265,176 shares of the company’s stock, valued at approximately $2,861,249.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael J. Lange sold 6,111 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $11.17, for a total value of $68,259.87. Following the sale, the executive vice president now directly owns 240,515 shares of the company’s stock, valued at $2,686,552.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,644 shares of company stock valued at $478,923 in the last ninety days. Insiders own 12.30% 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.