GSA Capital Partners LLP Takes $846,000 Position in Mistras Group Inc $MG

GSA Capital Partners LLP bought a new stake in Mistras Group Inc (NYSE:MG) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 85,934 shares of the technology company’s stock, valued at approximately $846,000. GSA Capital Partners LLP owned about 0.27% of Mistras Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of Mistras Group during the third quarter worth approximately $33,000. Acuitas Investments LLC raised its holdings in Mistras Group by 51.7% during the third quarter. Acuitas Investments LLC now owns 643,483 shares of the technology company’s stock worth $6,332,000 after purchasing an additional 219,421 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of Mistras Group by 46.8% during the 3rd quarter. Ritholtz Wealth Management now owns 22,300 shares of the technology company’s stock worth $219,000 after buying an additional 7,112 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Mistras Group during the second quarter worth $781,000. Finally, Evergreen Capital Management LLC acquired a new position in shares of Mistras Group during the 2nd quarter worth $136,000. 74.92% of the stock is owned by institutional investors and hedge funds.

Mistras Group Price Performance

MG stock opened at $14.82 on Friday. The stock has a 50-day moving average price of $13.82 and a two-hundred day moving average price of $11.50. The company has a market cap of $467.54 million, a PE ratio of 25.55, a price-to-earnings-growth ratio of 0.94 and a beta of 0.89. The company has a current ratio of 1.89, a quick ratio of 1.77 and a debt-to-equity ratio of 0.89. Mistras Group Inc has a 12-month low of $7.06 and a 12-month high of $15.22.

Analysts Set New Price Targets

A number of research analysts have issued reports on MG shares. Wall Street Zen raised shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. UBS Group set a $16.00 price target on shares of Mistras Group in a report on Thursday, November 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a research note on Thursday, January 22nd. Finally, Zacks Research cut Mistras Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Mistras Group currently has a consensus rating of “Hold” and a consensus price target of $16.00.

About Mistras Group

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.