SG Americas Securities LLC Takes Position in Mistras Group, Inc. (NYSE:MG)

SG Americas Securities LLC acquired a new stake in shares of Mistras Group, Inc. (NYSE:MG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,552 shares of the technology company’s stock, valued at approximately $85,000.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Mistras Group by 0.9% during the first quarter. BlackRock Inc. now owns 1,400,796 shares of the technology company’s stock valued at $9,258,000 after buying an additional 12,485 shares in the last quarter. Royce & Associates LP lifted its stake in Mistras Group by 2.7% during the first quarter. Royce & Associates LP now owns 1,375,203 shares of the technology company’s stock valued at $9,324,000 after buying an additional 35,700 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Mistras Group by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,200,276 shares of the technology company’s stock valued at $9,266,000 after buying an additional 87,789 shares in the last quarter. Federated Hermes Inc. lifted its stake in Mistras Group by 5.5% during the first quarter. Federated Hermes Inc. now owns 500,458 shares of the technology company’s stock valued at $3,308,000 after buying an additional 26,162 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its stake in Mistras Group by 18.8% during the third quarter. Pacific Ridge Capital Partners LLC now owns 394,501 shares of the technology company’s stock valued at $2,150,000 after buying an additional 62,555 shares in the last quarter. Institutional investors own 74.92% of the company’s stock.

Insider Activity at Mistras Group

In related news, EVP Michael J. Lange sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $8.53, for a total transaction of $42,650.00. Following the transaction, the executive vice president now owns 341,838 shares of the company’s stock, valued at $2,915,878.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 12.30% of the company’s stock.

Mistras Group Price Performance

NYSE MG opened at $9.08 on Friday. The company has a 50 day simple moving average of $8.98 and a 200-day simple moving average of $7.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.42. The firm has a market capitalization of $278.21 million, a price-to-earnings ratio of -15.65 and a beta of 1.65. Mistras Group, Inc. has a 52-week low of $4.96 and a 52-week high of $9.85.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Wednesday, March 6th. The technology company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $182.07 million during the quarter. Mistras Group had a negative net margin of 2.48% and a positive return on equity of 3.32%.

Analyst Ratings Changes

Separately, TheStreet raised shares of Mistras Group from a “d+” rating to a “c-” rating in a research report on Tuesday, February 27th.

Mistras Group 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.