Nicholas Debenedictis Acquires 10,000 Shares of Mistras Group, Inc. (NYSE:MG) Stock

Mistras Group, Inc. (NYSE:MG) Director Nicholas Debenedictis purchased 10,000 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was acquired at an average price of $9.84 per share, for a total transaction of $98,400.00. Following the completion of the transaction, the director now owns 217,511 shares of the company’s stock, valued at $2,140,308.24. This represents a 4.82 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nicholas Debenedictis also recently made the following trade(s):

• On Thursday, March 20th, Nicholas Debenedictis acquired 1,038 shares of Mistras Group stock. The stock was acquired at an average cost of $10.01 per share, for a total transaction of $10,390.38.

Mistras Group Trading Up 5.7 %

Mistras Group stock opened at $10.58 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 1.68. The firm has a market cap of $328.32 million, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 0.73 and a beta of 1.67. The firm’s 50 day moving average price is $9.89 and its two-hundred day moving average price is $9.95. Mistras Group, Inc. has a 1 year low of $7.45 and a 1 year high of $12.44.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th.

Institutional Trading of Mistras Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Heck Capital Advisors LLC acquired a new stake in Mistras Group during the 4th quarter worth about $50,000. Mackenzie Financial Corp purchased a new position in Mistras Group during the 4th quarter worth approximately $126,000. Public Employees Retirement System of Ohio grew its position in Mistras Group by 19.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 14,983 shares of the technology company’s stock worth $136,000 after purchasing an additional 2,400 shares in the last quarter. Squarepoint Ops LLC raised its stake in Mistras Group by 75.1% during the 4th quarter. Squarepoint Ops LLC now owns 67,820 shares of the technology company’s stock valued at $614,000 after purchasing an additional 29,086 shares during the period. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Mistras Group in the fourth quarter valued at $96,000. Institutional investors and hedge funds own 74.92% 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.