Mistras Group (NYSE:MG) EVP Eileen Mary Coggins Purchases 15,000 Shares

Key Points

• Eileen Mary Coggins, EVP of Mistras Group, purchased 15,000 shares at an average price of $9.55, totaling approximately $143,250.
• Mistras Group's stock recently traded down by 0.8% to $9.59, with a market cap of $302.47 million.
• The company reported earnings of $0.19 per share, exceeding analysts' expectations, with a revenue of $185.41 million for the last quarter.

Mistras Group Inc (NYSE:MG - Get Free Report) EVP Eileen Mary Coggins acquired 15,000 shares of the business's stock in a transaction dated Monday, September 15th. The shares were bought at an average price of $9.55 per share, for a total transaction of $143,250.00. Following the completion of the acquisition, the executive vice president owned 15,000 shares in the company, valued at approximately $143,250. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Mistras Group Trading Down 0.8%

Shares of MG stock traded down $0.08 during trading hours on Thursday, hitting $9.59. 103,149 shares of the company were exchanged, compared to its average volume of 137,693. The firm has a market cap of $302.47 million, a PE ratio of 25.92, a PEG ratio of 0.92 and a beta of 1.33. Mistras Group Inc has a 1 year low of $7.06 and a 1 year high of $12.44. The company has a quick ratio of 1.54, a current ratio of 1.66 and a debt-to-equity ratio of 0.89. The firm has a fifty day moving average of $9.03 and a 200 day moving average of $8.81.

Mistras Group (NYSE:MG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $185.41 million for the quarter, compared to analyst estimates of $186.43 million. Mistras Group had a net margin of 1.64% and a return on equity of 9.37%. Analysts expect that Mistras Group Inc will post 0.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Mistras Group from a "hold" rating to a "buy" rating in a research report on Friday, September 5th.

Institutional Trading of Mistras Group

Large investors have recently bought and sold shares of the company. Millennium Management LLC grew its position in Mistras Group by 41.9% in the fourth quarter. Millennium Management LLC now owns 99,763 shares of the technology company's stock valued at $904,000 after acquiring an additional 29,454 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Mistras Group in the fourth quarter valued at approximately $274,000. Ameriprise Financial Inc. grew 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 acquiring an additional 110,916 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Mistras Group by 25.5% during the 4th quarter. Jane Street Group LLC now owns 22,822 shares of the technology company's stock valued at $207,000 after buying an additional 4,632 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Mistras Group during the 1st quarter valued at approximately $836,000. Institutional investors and hedge funds own 74.92% of the company's stock.

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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