11,264 Shares in Mistras Group, Inc. (NYSE:MG) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new stake in Mistras Group, Inc. (NYSE:MG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,264 shares of the technology company’s stock, valued at approximately $102,000.

Several other hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in shares of Mistras Group during the 4th quarter worth about $50,000. Public Employees Retirement System of Ohio boosted its stake in Mistras Group by 193.7% during the third quarter. Public Employees Retirement System of Ohio now owns 12,583 shares of the technology company’s stock worth $143,000 after buying an additional 8,298 shares during the period. XTX Topco Ltd purchased a new stake in shares of Mistras Group in the 3rd quarter valued at approximately $151,000. BNP Paribas Financial Markets raised its stake in shares of Mistras Group by 516.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 26,165 shares of the technology company’s stock valued at $297,000 after acquiring an additional 21,919 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Mistras Group by 35.6% in the 4th quarter. American Century Companies Inc. now owns 32,374 shares of the technology company’s stock worth $293,000 after acquiring an additional 8,499 shares during the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Mistras Group Price Performance

MG opened at $10.61 on Monday. The stock’s 50-day moving average price is $10.02 and its 200 day moving average price is $9.93. Mistras Group, Inc. has a 12-month low of $7.45 and a 12-month high of $12.44. The firm has a market cap of $329.22 million, a price-to-earnings ratio of 30.31, a PEG ratio of 0.73 and a beta of 1.67. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director Nicholas Debenedictis acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were acquired at an average price of $9.84 per share, with a total value of $98,400.00. Following the completion of the transaction, the director now owns 217,511 shares of the company’s stock, valued at $2,140,308.24. The trade was a 4.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 12.30% of the company’s stock.

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.