Nicholas Debenedictis Acquires 1,038 Shares of Mistras Group, Inc. (NYSE:MG) Stock

Mistras Group, Inc. (NYSE:MG) Director Nicholas Debenedictis acquired 1,038 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average price of $10.01 per share, for a total transaction of $10,390.38. Following the transaction, the director now directly owns 227,511 shares of the company’s stock, valued at $2,277,385.11. This represents a 0.46 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, March 18th, Nicholas Debenedictis bought 10,000 shares of Mistras Group stock. The stock was acquired at an average price of $9.84 per share, for a total transaction of $98,400.00.

Mistras Group Price Performance

Shares of NYSE:MG opened at $10.58 on Friday. Mistras Group, Inc. has a one year low of $7.45 and a one year high of $12.44. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. The firm has a market capitalization of $328.32 million, a price-to-earnings ratio of 30.23, a PEG ratio of 0.73 and a beta of 1.67. The company’s fifty day moving average price is $9.89 and its 200-day moving average price is $9.95.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Mistras Group

A number of large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Mistras Group by 447.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,379 shares of the technology company’s stock valued at $49,000 after purchasing an additional 4,396 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Mistras Group during the fourth quarter worth approximately $50,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Mistras Group in the 4th quarter worth approximately $96,000. EntryPoint Capital LLC purchased a new stake in shares of Mistras Group in the 4th quarter valued at $102,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Mistras Group by 193.7% during 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 last quarter. Hedge funds and other institutional investors own 74.92% 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.