Mistras Group Inc (MG) Chairman Sells $2,000,007.16 in Stock
Mistras Group Inc (NYSE:MG) Chairman Sotirios J. Vahaviolos sold 94,877 shares of the business’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $21.08, for a total transaction of $2,000,007.16. Following the completion of the transaction, the chairman now owns 10,651,632 shares in the company, valued at approximately $224,536,402.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Mistras Group Inc (NYSE:MG) traded up 3.46% during midday trading on Tuesday, reaching $20.93. 127,864 shares of the company’s stock traded hands. The company’s 50-day moving average price is $21.49 and its 200-day moving average price is $21.83. The stock has a market cap of $596.25 million, a P/E ratio of 41.94 and a beta of 1.15. Mistras Group Inc has a 52-week low of $19.49 and a 52-week high of $26.46.
Mistras Group (NYSE:MG) last posted its earnings results on Monday, May 8th. The technology company reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Mistras Group had a net margin of 2.71% and a return on equity of 8.50%. The firm had revenue of $163.32 million during the quarter, compared to analysts’ expectations of $160.09 million. On average, equities analysts predict that Mistras Group Inc will post $0.67 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Stoneridge Investment Partners LLC bought a new stake in Mistras Group during the first quarter valued at approximately $968,000. Rockefeller Financial Services Inc. boosted its stake in Mistras Group by 23.3% in the first quarter. Rockefeller Financial Services Inc. now owns 781,248 shares of the technology company’s stock valued at $16,703,000 after buying an additional 147,429 shares in the last quarter. Capital Impact Advisors LLC boosted its stake in Mistras Group by 102.5% in the first quarter. Capital Impact Advisors LLC now owns 78,738 shares of the technology company’s stock valued at $1,683,000 after buying an additional 39,850 shares in the last quarter. Fenimore Asset Management Inc. boosted its position in shares of Mistras Group by 0.3% in the first quarter. Fenimore Asset Management Inc. now owns 348,025 shares of the technology company’s stock worth $7,441,000 after buying an additional 900 shares during the period. Finally, Philadelphia Trust Co. boosted its position in shares of Mistras Group by 184.1% in the fourth quarter. Philadelphia Trust Co. now owns 55,400 shares of the technology company’s stock worth $1,423,000 after buying an additional 35,900 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Mistras Group from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $47.00 price target on shares of Mistras Group in a research note on Friday, May 12th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.83.
Mistras Group Company Profile
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