Bailard Inc. Purchases Shares of 35,691 Mistras Group, Inc. (NYSE:MG)

Bailard Inc. acquired a new position in shares of Mistras Group, Inc. (NYSE:MG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 35,691 shares of the technology company’s stock, valued at approximately $261,000.

Several other large investors also recently modified their holdings of the stock. Mackenzie Financial Corp bought a new position in shares of Mistras Group during the 3rd quarter worth about $76,000. Strs Ohio bought a new position in Mistras Group in the third quarter worth approximately $372,000. Allspring Global Investments Holdings LLC acquired a new stake in Mistras Group in the third quarter valued at approximately $53,000. Los Angeles Capital Management LLC bought a new stake in shares of Mistras Group during the third quarter valued at approximately $357,000. Finally, Foundry Partners LLC raised its position in shares of Mistras Group by 25.1% during the third quarter. Foundry Partners LLC now owns 389,491 shares of the technology company’s stock worth $2,123,000 after purchasing an additional 78,100 shares during the period. Institutional investors and hedge funds own 74.92% of the company’s stock.

Insider Activity

In related news, EVP Michael J. Lange sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $8.53, for a total transaction of $42,650.00. Following the completion of the sale, the executive vice president now owns 341,838 shares in the company, valued at $2,915,878.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.30% of the company’s stock.

Wall Street Analyst Weigh In

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 Price Performance

NYSE:MG opened at $8.95 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.42. Mistras Group, Inc. has a one year low of $4.96 and a one year high of $9.85. The firm has a 50-day moving average of $9.04 and a 200-day moving average of $7.64.

Mistras Group (NYSE:MG) last released 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 positive return on equity of 3.32% and a negative net margin of 2.48%.

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.