Insider Buying: Mistras Group Inc (MG) Director Buys 7,000 Shares of Stock

Mistras Group Inc (NYSE:MG) Director Nicholas Debenedictis acquired 7,000 shares of Mistras Group stock in a transaction on Monday, March 18th. The shares were bought at an average price of $13.90 per share, with a total value of $97,300.00. Following the purchase, the director now directly owns 25,695 shares in the company, valued at approximately $357,160.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

NYSE MG opened at $13.93 on Wednesday. The stock has a market cap of $391.04 million, a price-to-earnings ratio of 26.35, a P/E/G ratio of 0.93 and a beta of 1.43. Mistras Group Inc has a fifty-two week low of $13.01 and a fifty-two week high of $23.60. The company has a quick ratio of 1.98, a current ratio of 2.09 and a debt-to-equity ratio of 0.56.

Mistras Group (NYSE:MG) last posted its earnings results on Monday, March 11th. The technology company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.15). Mistras Group had a net margin of 0.92% and a return on equity of 5.39%. The business had revenue of $180.76 million for the quarter, compared to analyst estimates of $168.00 million. Analysts forecast that Mistras Group Inc will post 0.67 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Mistras Group by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,495,884 shares of the technology company’s stock valued at $32,416,000 after acquiring an additional 48,577 shares during the period. Vanguard Group Inc grew its position in shares of Mistras Group by 3.4% during the 3rd quarter. Vanguard Group Inc now owns 1,495,884 shares of the technology company’s stock valued at $32,416,000 after acquiring an additional 48,577 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Mistras Group by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,378,961 shares of the technology company’s stock valued at $19,830,000 after acquiring an additional 59,870 shares during the period. BlackRock Inc. grew its position in shares of Mistras Group by 7.3% during the 3rd quarter. BlackRock Inc. now owns 1,216,696 shares of the technology company’s stock valued at $26,364,000 after acquiring an additional 82,663 shares during the period. Finally, Bernzott Capital Advisors grew its position in shares of Mistras Group by 7.4% during the 4th quarter. Bernzott Capital Advisors now owns 1,203,961 shares of the technology company’s stock valued at $17,313,000 after acquiring an additional 82,845 shares during the period. Hedge funds and other institutional investors own 58.59% of the company’s stock.

A number of equities analysts have weighed in on MG shares. ValuEngine lowered Mistras Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Zacks Investment Research upgraded Mistras Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 10th. Finally, Canaccord Genuity reduced their price objective 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. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Mistras Group currently has a consensus rating of “Hold” and a consensus price target of $19.75.

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About Mistras Group

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 engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.

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