Acuitas Investments LLC Purchases 131,798 Shares of Mistras Group Inc (NYSE:MG)

Acuitas Investments LLC increased its position in shares of Mistras Group Inc (NYSE:MG - Free Report) by 45.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 424,062 shares of the technology company's stock after purchasing an additional 131,798 shares during the period. Mistras Group makes up about 3.8% of Acuitas Investments LLC's portfolio, making the stock its 2nd biggest holding. Acuitas Investments LLC owned approximately 1.35% of Mistras Group worth $4,487,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Mistras Group by 5.2% in the fourth quarter. Barclays PLC now owns 39,706 shares of the technology company's stock valued at $359,000 after buying an additional 1,946 shares during the period. Bank of New York Mellon Corp raised its holdings in Mistras Group by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 63,851 shares of the technology company's stock valued at $578,000 after acquiring an additional 2,033 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Mistras Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 455,532 shares of the technology company's stock valued at $4,128,000 after acquiring an additional 2,143 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Mistras Group by 19.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 14,983 shares of the technology company's stock worth $136,000 after purchasing an additional 2,400 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Mistras Group by 10.6% in the fourth quarter. BNP Paribas Financial Markets now owns 28,929 shares of the technology company's stock valued at $262,000 after purchasing an additional 2,764 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors.

Mistras Group Price Performance

MG traded up $0.13 during trading on Friday, hitting $8.15. 64,473 shares of the stock traded hands, compared to its average volume of 147,147. The business has a 50 day moving average price of $7.99 and a 200 day moving average price of $9.08. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.38. Mistras Group Inc has a twelve month low of $7.06 and a twelve month high of $12.44. The company has a market cap of $255.34 million, a price-to-earnings ratio of 17.34, a PEG ratio of 0.68 and a beta of 1.37.

Mistras Group (NYSE:MG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.17). Mistras Group had a return on equity of 10.16% and a net margin of 2.10%. The business had revenue of $161.62 million for the quarter, compared to analyst estimates of $180.70 million. Equities research analysts forecast that Mistras Group Inc will post 0.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Mistras Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th.

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.