Values First Advisors Inc. Buys 2,794 Shares of Mistras Group, Inc. (NYSE:MG)

Values First Advisors Inc. increased its stake in shares of Mistras Group, Inc. (NYSE:MG) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,568 shares of the technology company’s stock after acquiring an additional 2,794 shares during the quarter. Values First Advisors Inc. owned approximately 0.13% of Mistras Group worth $297,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. increased its stake in Mistras Group by 199.8% during the 2nd quarter. BlackRock Inc. now owns 1,388,440 shares of the technology company’s stock valued at $10,719,000 after purchasing an additional 925,318 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Mistras Group by 138.9% during the second quarter. Geode Capital Management LLC now owns 385,576 shares of the technology company’s stock worth $2,977,000 after acquiring an additional 224,155 shares in the last quarter. State Street Corp raised its holdings in shares of Mistras Group by 343.7% in the 2nd quarter. State Street Corp now owns 254,166 shares of the technology company’s stock worth $1,962,000 after acquiring an additional 196,886 shares during the last quarter. Millennium Management LLC lifted its position in Mistras Group by 270.7% in the 2nd quarter. Millennium Management LLC now owns 220,169 shares of the technology company’s stock valued at $1,308,000 after acquiring an additional 160,784 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Mistras Group by 339.6% during the 2nd quarter. Northern Trust Corp now owns 165,649 shares of the technology company’s stock worth $1,279,000 after purchasing an additional 127,966 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, TheStreet raised shares of Mistras Group from a “d+” rating to a “c-” rating in a research report on Tuesday, February 27th.

Mistras Group Price Performance

Shares of NYSE MG traded down $0.05 during midday trading on Thursday, hitting $9.56. 51,936 shares of the company’s stock were exchanged, compared to its average volume of 83,687. The company has a current ratio of 1.55, a quick ratio of 1.42 and a debt-to-equity ratio of 1.01. The business’s fifty day moving average price is $8.51 and its two-hundred day moving average price is $7.05. The company has a market cap of $292.92 million, a price-to-earnings ratio of -16.48 and a beta of 1.64. Mistras Group, Inc. has a 12-month low of $4.96 and a 12-month high of $9.80.

Insider Activity

In other news, EVP Michael J. Lange sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $8.53, for a total transaction of $42,650.00. Following the completion of the sale, the executive vice president now owns 341,838 shares of the company’s stock, valued at $2,915,878.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 11.90% of the company’s stock.

Mistras Group Profile

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.