Mistras Group, Inc. (NYSE:MG) Shares Sold by Foundry Partners LLC

Foundry Partners LLC trimmed its holdings in shares of Mistras Group, Inc. (NYSE:MG) by 1.8% in the fourth quarter, Holdings Channel reports. The firm owned 382,607 shares of the technology company’s stock after selling 6,884 shares during the period. Foundry Partners LLC’s holdings in Mistras Group were worth $2,801,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its position in Mistras Group by 157.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,740 shares of the technology company’s stock valued at $26,000 after acquiring an additional 2,900 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Mistras Group in the 3rd quarter valued at about $53,000. SG Americas Securities LLC acquired a new position in Mistras Group in the 4th quarter valued at about $85,000. Mackenzie Financial Corp acquired a new position in Mistras Group in the 3rd quarter valued at about $76,000. Finally, Ritholtz Wealth Management grew its position in Mistras Group by 19.0% in the 3rd quarter. Ritholtz Wealth Management now owns 37,697 shares of the technology company’s stock valued at $205,000 after acquiring an additional 6,016 shares in the last quarter. 74.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded Mistras Group from a “d+” rating to a “c-” rating in a research note on Tuesday, February 27th.

Insider Activity

In other news, EVP Michael J. Lange sold 5,000 shares of Mistras Group stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $8.53, for a total value of $42,650.00. Following the completion of the transaction, the executive vice president now owns 341,838 shares in the company, valued at approximately $2,915,878.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 12.30% of the company’s stock.

Mistras Group Trading Up 0.4 %

Shares of MG opened at $9.12 on Tuesday. The stock has a 50-day simple moving average of $9.00 and a 200-day simple moving average of $7.54. The company has a current ratio of 1.55, a quick ratio of 1.42 and a debt-to-equity ratio of 1.01. Mistras Group, Inc. has a 1 year low of $4.96 and a 1 year high of $9.85.

Mistras Group (NYSE:MG) last announced its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $182.07 million during the quarter. Mistras Group had a positive return on equity of 3.32% and a negative net margin of 2.48%.

About Mistras Group

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.