Nicholas Debenedictis Buys 6,990 Shares of Mistras Group Inc (MG) Stock

Mistras Group Inc (NYSE:MG) Director Nicholas Debenedictis bought 6,990 shares of Mistras Group stock in a transaction dated Monday, May 20th. The shares were acquired at an average price of $13.89 per share, with a total value of $97,091.10. Following the completion of the purchase, the director now owns 47,089 shares in the company, valued at approximately $654,066.21. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, May 17th, Nicholas Debenedictis bought 2,495 shares of Mistras Group stock. The shares were acquired at an average price of $14.03 per share, with a total value of $35,004.85.
  • On Monday, March 18th, Nicholas Debenedictis bought 7,000 shares of Mistras Group stock. The shares were acquired at an average price of $13.90 per share, with a total value of $97,300.00.

Shares of MG stock traded down $0.17 on Wednesday, hitting $14.16. 74,038 shares of the stock traded hands, compared to its average volume of 85,097. The company has a current ratio of 1.84, a quick ratio of 1.71 and a debt-to-equity ratio of 1.08. The firm has a market cap of $393.88 million, a P/E ratio of 25.75, a P/E/G ratio of 1.27 and a beta of 1.39. Mistras Group Inc has a 1-year low of $12.38 and a 1-year high of $23.60.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Monday, May 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.11). The firm had revenue of $176.79 million for the quarter, compared to analyst estimates of $183.90 million. Mistras Group had a negative net margin of 0.19% and a positive return on equity of 4.11%. On average, research analysts forecast that Mistras Group Inc will post 0.66 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Mistras Group by 7.3% in the third quarter. BlackRock Inc. now owns 1,216,696 shares of the technology company’s stock worth $26,364,000 after buying an additional 82,663 shares during the period. MetLife Investment Advisors LLC increased its position in Mistras Group by 61.3% in the third quarter. MetLife Investment Advisors LLC now owns 13,263 shares of the technology company’s stock worth $287,000 after buying an additional 5,041 shares during the period. Teachers Advisors LLC increased its position in Mistras Group by 5.6% in the third quarter. Teachers Advisors LLC now owns 59,129 shares of the technology company’s stock worth $1,281,000 after buying an additional 3,157 shares during the period. TIAA CREF Investment Management LLC increased its position in Mistras Group by 150.2% in the third quarter. TIAA CREF Investment Management LLC now owns 187,384 shares of the technology company’s stock worth $4,061,000 after buying an additional 112,494 shares during the period. Finally, Vanguard Group Inc. increased its position in Mistras Group by 3.4% in the third quarter. Vanguard Group Inc. now owns 1,495,884 shares of the technology company’s stock worth $32,416,000 after buying an additional 48,577 shares during the period. 59.25% of the stock is currently owned by institutional investors and hedge funds.

MG has been the subject of several research analyst reports. Canaccord Genuity reduced their target price on Mistras Group from $20.00 to $16.50 and set a “hold” rating for the company in a research note on Thursday, March 14th. ValuEngine upgraded Mistras Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Zacks Investment Research cut Mistras Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, TheStreet cut Mistras Group from a “c-” rating to a “d+” rating in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Mistras Group presently has an average rating of “Hold” and a consensus price target of $19.75.

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Mistras Group Company Profile

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and testing program services; and engineering consulting services.

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Insider Buying and Selling by Quarter for Mistras Group (NYSE:MG)

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