Inspire Investing LLC Invests $817,000 in Mistras Group Inc $MG

Key Points

• Inspire Investing LLC has invested approximately $817,000 in Mistras Group Inc, acquiring 77,220 shares, representing 0.25% of the company's stock.
• Mistras Group has recently experienced stock price fluctuations, with a current trading price of $9.48 and a market capitalization of $298.84 million.
• Wall Street Zen has upgraded Mistras Group from a "hold" rating to a "buy" rating, indicating positive sentiment from analysts regarding the company's future prospects.

Inspire Investing LLC bought a new position in Mistras Group Inc (NYSE:MG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 77,220 shares of the technology company's stock, valued at approximately $817,000. Inspire Investing LLC owned 0.25% of Mistras Group at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MG. Invesco Ltd. raised its position in shares of Mistras Group by 521.1% in the 1st quarter. Invesco Ltd. now owns 289,838 shares of the technology company's stock worth $3,066,000 after buying an additional 243,175 shares during the period. Acuitas Investments LLC raised its position in Mistras Group by 45.1% in the first quarter. Acuitas Investments LLC now owns 424,062 shares of the technology company's stock valued at $4,487,000 after purchasing an additional 131,798 shares during the period. Ameriprise Financial Inc. raised its position in Mistras Group by 225.6% in the fourth quarter. Ameriprise Financial Inc. now owns 160,087 shares of the technology company's stock valued at $1,450,000 after purchasing an additional 110,916 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of Mistras Group by 76.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 219,075 shares of the technology company's stock valued at $1,985,000 after acquiring an additional 94,984 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Mistras Group during the first quarter valued at about $836,000. 74.92% of the stock is owned by hedge funds and other institutional investors.

Mistras Group Stock Down 2.5%

NYSE:MG opened at $9.48 on Friday. The company has a market capitalization of $298.84 million, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 0.91 and a beta of 1.33. Mistras Group Inc has a one year low of $7.06 and a one year high of $12.44. The stock has a 50-day simple moving average of $8.77 and a 200 day simple moving average of $8.81. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.54 and a current ratio of 1.66.

Mistras Group (NYSE:MG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The business had revenue of $185.41 million during the quarter, compared to the consensus estimate of $186.43 million. Mistras Group had a return on equity of 9.37% and a net margin of 1.64%. Sell-side analysts predict that Mistras Group Inc will post 0.71 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Mistras Group from a "hold" rating to a "buy" rating in a research note on Friday, September 5th.

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.

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