Mistras Group, Inc. (NYSE:MG) Holdings Trimmed by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lowered its holdings in Mistras Group, Inc. (NYSE:MG) by 27.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,300 shares of the technology company’s stock after selling 6,600 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.06% of Mistras Group worth $157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MG. Bank of New York Mellon Corp lifted its position in shares of Mistras Group by 3.3% in the fourth quarter. Bank of New York Mellon Corp now owns 63,851 shares of the technology company’s stock worth $578,000 after purchasing an additional 2,033 shares in the last quarter. Geode Capital Management LLC increased its stake in Mistras Group by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company’s stock valued at $5,156,000 after buying an additional 4,014 shares during the period. Heck Capital Advisors LLC purchased a new stake in Mistras Group in the 4th quarter worth approximately $50,000. Public Employees Retirement System of Ohio boosted its stake in shares of 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 valued at $143,000 after buying an additional 8,298 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Mistras Group by 35.6% during the 4th quarter. American Century Companies Inc. now owns 32,374 shares of the technology company’s stock valued at $293,000 after acquiring an additional 8,499 shares in the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

Insiders Place Their Bets

In related news, Director Nicholas Debenedictis purchased 10,000 shares of Mistras Group stock in a transaction on Tuesday, March 18th. The stock was bought 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 directly owns 217,511 shares of the company’s stock, valued at approximately $2,140,308.24. This represents a 4.82 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.30% of the company’s stock.

Mistras Group Trading Up 1.0 %

Shares of NYSE MG opened at $10.69 on Tuesday. The business has a 50 day simple moving average of $9.92 and a 200 day simple moving average of $9.93. Mistras Group, Inc. has a 52 week low of $7.45 and a 52 week high of $12.44. The stock has a market cap of $331.73 million, a price-to-earnings ratio of 30.54, a PEG ratio of 0.73 and a beta of 1.67. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 1.68.

Wall Street Analyst Weigh In

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

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.