Bank of New York Mellon Corp Purchases 2,033 Shares of Mistras Group, Inc. (NYSE:MG)

Bank of New York Mellon Corp boosted its position in shares of Mistras Group, Inc. (NYSE:MG) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,851 shares of the technology company’s stock after purchasing an additional 2,033 shares during the period. Bank of New York Mellon Corp’s holdings in Mistras Group were worth $578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in shares of Mistras Group in the fourth quarter worth about $50,000. Public Employees Retirement System of Ohio grew its holdings in Mistras Group by 193.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,583 shares of the technology company’s stock worth $143,000 after acquiring an additional 8,298 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Mistras Group in the 3rd quarter valued at about $151,000. BNP Paribas Financial Markets boosted its stake in shares of Mistras Group by 516.2% during the third quarter. BNP Paribas Financial Markets now owns 26,165 shares of the technology company’s stock valued at $297,000 after purchasing an additional 21,919 shares in the last quarter. Finally, Barclays PLC increased its holdings in Mistras Group by 118.5% during the third quarter. Barclays PLC now owns 37,760 shares of the technology company’s stock valued at $430,000 after buying an additional 20,482 shares during the period. 74.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Mistras Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th.

Mistras Group Stock Performance

MG stock opened at $10.85 on Friday. The firm has a market cap of $336.57 million, a price-to-earnings ratio of 30.99, a PEG ratio of 0.73 and a beta of 1.67. Mistras Group, Inc. has a one year low of $7.45 and a one year high of $12.44. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 1.68. The firm has a 50-day simple moving average of $10.00 and a two-hundred day simple moving average of $9.94.

Insider Transactions at Mistras Group

In other news, Director Nicholas Debenedictis acquired 10,000 shares of Mistras Group stock in a transaction dated Tuesday, March 18th. The stock was purchased at an average cost of $9.84 per share, for a total transaction of $98,400.00. Following the completion of the purchase, the director now directly owns 217,511 shares in the company, valued at $2,140,308.24. This trade represents a 4.82 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.