Dimensional Fund Advisors LP Buys 102,665 Shares of Mistras Group, Inc. (NYSE:MG)

Dimensional Fund Advisors LP boosted its holdings in shares of Mistras Group, Inc. (NYSE:MG - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,461,339 shares of the technology company's stock after purchasing an additional 102,665 shares during the period. Dimensional Fund Advisors LP owned about 4.71% of Mistras Group worth $13,240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in shares of Mistras Group during the fourth quarter worth approximately $50,000. EntryPoint Capital LLC acquired a new stake in shares of Mistras Group during the fourth quarter worth approximately $102,000. XTX Topco Ltd increased its holdings in shares of Mistras Group by 83.8% during the fourth quarter. XTX Topco Ltd now owns 24,377 shares of the technology company's stock worth $221,000 after buying an additional 11,113 shares in the last quarter. Trexquant Investment LP increased its holdings in shares of Mistras Group by 31.7% during the fourth quarter. Trexquant Investment LP now owns 27,619 shares of the technology company's stock worth $250,000 after buying an additional 6,642 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Mistras Group by 35.6% in the fourth quarter. American Century Companies Inc. now owns 32,374 shares of the technology company's stock valued at $293,000 after purchasing an additional 8,499 shares in the last quarter. Institutional investors own 74.92% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Mistras Group from a "strong-buy" rating to a "buy" rating in a report on Friday.

Insiders Place Their Bets

In other news, Director Nicholas Debenedictis purchased 10,000 shares of Mistras Group stock in a transaction dated Tuesday, March 18th. The shares were bought at an average cost of $9.84 per share, with a total value of $98,400.00. Following the completion of the transaction, the director now directly owns 217,511 shares in the company, valued at $2,140,308.24. This trade represents a 4.82% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.80% of the company's stock.

Mistras Group Price Performance

Shares of Mistras Group stock traded down $0.11 during midday trading on Monday, reaching $7.71. The company had a trading volume of 226,275 shares, compared to its average volume of 131,199. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $241.46 million, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 0.73 and a beta of 1.42. The stock has a fifty day simple moving average of $9.64 and a 200 day simple moving average of $9.51. Mistras Group, Inc. has a 1-year low of $7.06 and a 1-year high of $12.44.

Mistras Group (NYSE:MG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.17). The company had revenue of $161.62 million during the quarter, compared to analyst estimates of $180.70 million. Mistras Group had a net margin of 1.52% and a return on equity of 9.32%. As a group, equities research analysts forecast that Mistras Group, Inc. will post 0.71 earnings per share for the current year.

Mistras Group Company 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.