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 its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,691 shares of the technology company’s stock, valued at approximately $261,000. Bailard Inc. owned 0.12% of Mistras Group at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MG. Public Employees Retirement System of Ohio boosted its position in Mistras Group by 157.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,740 shares of the technology company’s stock worth $26,000 after acquiring an additional 2,900 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Mistras Group during the third quarter worth $53,000. Mackenzie Financial Corp bought a new position in Mistras Group in the third quarter valued at $76,000. SG Americas Securities LLC acquired a new stake in Mistras Group in the 4th quarter valued at $85,000. Finally, Values First Advisors Inc. increased its stake in Mistras Group by 7.4% in the 4th quarter. Values First Advisors Inc. now owns 40,568 shares of the technology company’s stock valued at $297,000 after buying an additional 2,794 shares during the last quarter. 74.92% of the stock is currently owned by institutional investors.

Insider Activity at Mistras Group

In other Mistras Group news, EVP Michael J. Lange sold 5,000 shares of the business’s stock in a transaction that occurred 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 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 document filed with the SEC, which is available through this link. 12.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, TheStreet raised 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. Mistras Group, Inc. has a 1-year low of $4.96 and a 1-year high of $9.85. The firm has a fifty day simple moving average of $9.04 and a 200 day simple moving average of $7.64. 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 (NYSE:MG) last announced its quarterly earnings results on Wednesday, March 6th. The technology company reported $0.10 EPS for the quarter. The firm 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%.

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.