Hillsdale Investment Management Inc. Has $157,000 Holdings in Mistras Group, Inc. (NYSE:MG)

Hillsdale Investment Management Inc. decreased its position in shares of Mistras Group, Inc. (NYSE:MG) by 27.6% in the fourth quarter, Holdings Channel reports. The fund owned 17,300 shares of the technology company’s stock after selling 6,600 shares during the period. Hillsdale Investment Management Inc.’s holdings in Mistras Group were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MG. Heck Capital Advisors LLC acquired a new stake in shares of Mistras Group in the fourth quarter worth $50,000. Public Employees Retirement System of Ohio boosted its holdings in Mistras Group by 193.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,583 shares of the technology company’s stock valued at $143,000 after purchasing an additional 8,298 shares during the period. XTX Topco Ltd acquired a new stake in Mistras Group in the 3rd quarter worth $151,000. American Century Companies Inc. increased its holdings in shares of Mistras Group by 35.6% during the 4th quarter. American Century Companies Inc. now owns 32,374 shares of the technology company’s stock worth $293,000 after purchasing an additional 8,499 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Mistras Group by 516.2% during the third quarter. BNP Paribas Financial Markets now owns 26,165 shares of the technology company’s stock valued at $297,000 after buying an additional 21,919 shares during the last quarter. 74.92% of the stock is currently owned by institutional investors.

Mistras Group Stock Performance

Shares of NYSE MG opened at $10.69 on Tuesday. The firm has a market capitalization of $331.73 million, a price-to-earnings ratio of 30.54, a PEG ratio of 0.73 and a beta of 1.67. Mistras Group, Inc. has a one year low of $7.45 and a one year high of $12.44. The business has a fifty day simple moving average of $9.92 and a 200 day simple moving average of $9.93. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93.

Analyst Ratings Changes

Separately, StockNews.com downgraded Mistras Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th.

Insider Buying and Selling at Mistras Group

In related news, Director Nicholas Debenedictis acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were bought at an average cost of $9.84 per share, with a total value of $98,400.00. Following the completion of the acquisition, the director now owns 217,511 shares of the company’s stock, valued at $2,140,308.24. This trade represents a 4.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 12.30% of the company’s stock.

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.