Insider Selling: Mistras Group, Inc. (NYSE:MG) EVP Sells $272,260.12 in Stock

Mistras Group, Inc. (NYSE:MG) EVP Michael J. Lange sold 24,706 shares of Mistras Group 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 sale, the executive vice president now owns 278,003 shares in the company, valued at $3,063,593.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Mistras Group Trading Up 3.7 %

Shares of Mistras Group stock opened at $11.28 on Monday. The firm has a market cap of $349.31 million, a PE ratio of -29.68 and a beta of 1.72. Mistras Group, Inc. has a 1 year low of $4.96 and a 1 year high of $12.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.69 and a quick ratio of 1.56. The stock has a fifty day moving average price of $10.56 and a 200-day moving average price of $9.40.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. The business had revenue of $189.77 million during the quarter, compared to the consensus estimate of $188.30 million. Mistras Group had a negative net margin of 0.74% and a positive return on equity of 9.19%. Equities research analysts anticipate that Mistras Group, Inc. will post 0.8 EPS for the current year.

Institutional Investors Weigh In On Mistras Group

Several large investors have recently modified their holdings of the stock. Victory Capital Management Inc. bought a new position in Mistras Group during the fourth quarter valued at $106,000. Mill Road Capital Management LLC lifted its position in shares of Mistras Group by 0.6% during the 4th quarter. Mill Road Capital Management LLC now owns 1,514,901 shares of the technology company’s stock valued at $11,089,000 after buying an additional 9,779 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Mistras Group by 8.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 45,150 shares of the technology company’s stock worth $432,000 after acquiring an additional 3,665 shares during the period. Empowered Funds LLC increased its holdings in Mistras Group by 8.2% in the 1st quarter. Empowered Funds LLC now owns 170,592 shares of the technology company’s stock worth $1,631,000 after acquiring an additional 12,884 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Mistras Group by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 1,201,864 shares of the technology company’s stock valued at $11,490,000 after acquiring an additional 29,140 shares during the period. 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.