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

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

Mistras Group Trading Up 3.7 %

MG stock opened at $11.28 on Friday. Mistras Group, Inc. has a 12 month low of $4.96 and a 12 month high of $12.27. The firm’s 50-day moving average is $10.56 and its 200 day moving average is $9.39. The company has a market capitalization of $349.31 million, a PE ratio of -29.68 and a beta of 1.72. 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 (NYSE:MG) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. The business had revenue of $189.77 million for the quarter, compared to analyst estimates 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, research analysts anticipate that Mistras Group, Inc. will post 0.8 EPS for the current year.

Institutional Investors Weigh In On Mistras Group

A number of institutional investors and hedge funds have recently bought and sold shares of MG. Victory Capital Management Inc. purchased a new position in Mistras Group during the 4th quarter valued at about $106,000. American Century Companies Inc. raised its stake 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 buying an additional 3,143 shares in the last quarter. Heron Bay Capital Management lifted its holdings in Mistras Group by 43.0% during the first 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 during the period. Rhumbline Advisers boosted its position in Mistras Group by 12.3% during the 2nd quarter. Rhumbline Advisers now owns 26,250 shares of the technology company’s stock valued at $218,000 after acquiring an additional 2,884 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings 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 acquiring an additional 3,665 shares during the period. 74.92% of the stock is owned by institutional investors.

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.