Insider Selling: Mistras Group, Inc. (NYSE:MG) EVP Sells $68,259.87 in Stock

Mistras Group, Inc. (NYSE:MG) EVP Michael J. Lange sold 6,111 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $11.17, for a total transaction of $68,259.87. Following the transaction, the executive vice president now directly owns 240,515 shares in the company, valued at $2,686,552.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Mistras Group Stock Down 0.9 %

MG opened at $11.14 on Friday. 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 company’s 50-day moving average is $10.73 and its 200 day moving average is $9.45. Mistras Group, Inc. has a fifty-two week low of $4.96 and a fifty-two week high of $12.27. The firm has a market capitalization of $344.97 million, a P/E ratio of -29.32 and a beta of 1.72.

Mistras Group (NYSE:MG) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. Mistras Group had a negative net margin of 0.74% and a positive return on equity of 9.19%. The company had revenue of $189.77 million for the quarter, compared to analyst estimates of $188.30 million. Research analysts expect that Mistras Group, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Trading of Mistras Group

Several hedge funds have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV bought a new stake in Mistras Group in the second quarter worth about $600,000. Renaissance Technologies LLC raised its position in Mistras Group by 11.8% in the second quarter. Renaissance Technologies LLC now owns 104,900 shares of the technology company’s stock worth $870,000 after acquiring an additional 11,100 shares during the period. Dimensional Fund Advisors LP raised its position in Mistras Group by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,311,715 shares of the technology company’s stock worth $10,874,000 after acquiring an additional 44,550 shares during the period. American Century Companies Inc. raised its position in Mistras Group by 27.6% in the second quarter. American Century Companies Inc. now owns 14,536 shares of the technology company’s stock worth $121,000 after acquiring an additional 3,143 shares during the period. Finally, Rhumbline Advisers raised its position in Mistras Group by 12.3% in the second quarter. Rhumbline Advisers now owns 26,250 shares of the technology company’s stock worth $218,000 after acquiring an additional 2,884 shares during the period. 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.