Royce & Associates LP Decreases Stake in Mistras Group, Inc. (NYSE:MG)

Royce & Associates LP lowered its position in shares of Mistras Group, Inc. (NYSE:MG) by 13.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,317,697 shares of the technology company’s stock after selling 202,537 shares during the quarter. Royce & Associates LP’s holdings in Mistras Group were worth $14,982,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MG. Inspire Investing LLC purchased a new stake in shares of Mistras Group during the 3rd quarter worth about $907,000. Mercer Global Advisors Inc. ADV acquired a new position in Mistras Group during the 2nd quarter worth approximately $600,000. Dimensional Fund Advisors LP lifted its position in Mistras Group by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,311,715 shares of the technology company’s stock worth $10,874,000 after acquiring an additional 44,550 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Mistras Group by 43.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 97,808 shares of the technology company’s stock worth $1,112,000 after acquiring an additional 29,457 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position 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 worth $11,490,000 after acquiring an additional 29,140 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Insider Buying and Selling

In other Mistras Group news, 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 transaction, the executive vice president now directly owns 240,515 shares of the company’s stock, valued at $2,686,552.55. This represents a 2.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 43,644 shares of company stock valued at $478,923. Corporate insiders own 12.30% of the company’s stock.

Mistras Group Stock Performance

Mistras Group stock opened at $8.96 on Friday. The stock’s 50 day moving average price is $10.68 and its 200 day moving average price is $9.78. The firm has a market capitalization of $277.85 million, a PE ratio of 25.80, a price-to-earnings-growth ratio of 0.80 and a beta of 1.75. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 1.68. Mistras Group, Inc. has a one year low of $6.30 and a one year high of $12.44.

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.