Connor Clark & Lunn Investment Management Ltd. Has $1.16 Million Holdings in Mistras Group, Inc. (NYSE:MG)

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Mistras Group, Inc. (NYSE:MG) by 26.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 102,215 shares of the technology company’s stock after purchasing an additional 21,505 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Mistras Group were worth $1,162,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in shares of Mistras Group by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 193,514 shares of the technology company’s stock worth $2,200,000 after buying an additional 9,782 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Mistras Group by 13.0% during the 3rd quarter. GSA Capital Partners LLP now owns 51,797 shares of the technology company’s stock worth $589,000 after buying an additional 5,962 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Mistras Group by 21.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,630 shares of the technology company’s stock worth $212,000 after buying an additional 3,327 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Mistras Group by 43.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 97,808 shares of the technology company’s stock worth $1,112,000 after buying an additional 29,457 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in shares of Mistras Group during the 3rd quarter worth approximately $907,000. Institutional investors and hedge funds own 74.92% of the company’s stock.

Mistras Group Price Performance

Mistras Group stock opened at $9.28 on Thursday. The stock has a market capitalization of $287.77 million, a price-to-earnings ratio of 26.51, a PEG ratio of 0.83 and a beta of 1.75. Mistras Group, Inc. has a 52-week low of $6.30 and a 52-week high of $12.44. The stock’s 50 day moving average price is $10.40 and its two-hundred day moving average price is $9.79. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 1.68.

Insider Buying and Selling

In related news, EVP Michael J. Lange sold 12,827 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $10.79, for a total value of $138,403.33. Following the transaction, the executive vice president now directly owns 265,176 shares in the company, valued at $2,861,249.04. This trade represents a 4.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 43,644 shares of company stock worth $478,923 in the last ninety days. Corporate insiders own 12.30% of the company’s stock.

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.