Mistras Group, Inc. (NYSE:MG) Shares Acquired by Mill Road Capital Management LLC

Mill Road Capital Management LLC lifted its stake in Mistras Group, Inc. (NYSE:MG - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,724,482 shares of the technology company's stock after purchasing an additional 125,337 shares during the period. Mistras Group comprises about 7.4% of Mill Road Capital Management LLC's investment portfolio, making the stock its 4th largest position. Mill Road Capital Management LLC owned 5.56% of Mistras Group worth $15,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MG. State Street Corp grew its holdings in shares of Mistras Group by 4.8% in the third quarter. State Street Corp now owns 317,579 shares of the technology company's stock worth $3,611,000 after purchasing an additional 14,651 shares during the last quarter. Barclays PLC grew its holdings in shares of Mistras Group by 118.5% in the third quarter. Barclays PLC now owns 37,760 shares of the technology company's stock worth $430,000 after purchasing an additional 20,482 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Mistras Group by 0.9% in the third quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company's stock worth $5,156,000 after purchasing an additional 4,014 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Mistras Group by 554.4% in the third quarter. JPMorgan Chase & Co. now owns 62,512 shares of the technology company's stock worth $711,000 after purchasing an additional 52,960 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in shares of Mistras Group in the fourth quarter worth about $50,000. 74.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Mistras Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th.

Insider Activity at Mistras Group

In other news, Director Nicholas Debenedictis acquired 10,000 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was acquired at an average price of $9.84 per share, for a total transaction of $98,400.00. Following the completion of the transaction, the director now owns 217,511 shares in the company, valued at approximately $2,140,308.24. The trade was a 4.82 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.30% of the stock is currently owned by insiders.

Mistras Group Stock Performance

Shares of Mistras Group stock traded up $0.08 during midday trading on Tuesday, hitting $9.30. The company had a trading volume of 34,181 shares, compared to its average volume of 139,283. Mistras Group, Inc. has a 12-month low of $7.45 and a 12-month high of $12.44. The company has a fifty day simple moving average of $9.77 and a 200 day simple moving average of $9.67. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. The stock has a market cap of $291.15 million, a price-to-earnings ratio of 26.57, a PEG ratio of 0.73 and a beta of 1.34.

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.