Renaissance Technologies LLC Acquires 11,100 Shares of Mistras Group, Inc. (NYSE:MG)

Renaissance Technologies LLC grew its stake in shares of Mistras Group, Inc. (NYSE:MG) by 11.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 104,900 shares of the technology company’s stock after buying an additional 11,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Mistras Group were worth $870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mill Road Capital Management LLC grew its position in Mistras Group by 0.6% in the 4th quarter. Mill Road Capital Management LLC now owns 1,514,901 shares of the technology company’s stock valued at $11,089,000 after purchasing an additional 9,779 shares during the period. Dimensional Fund Advisors LP grew its stake in Mistras Group by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,311,715 shares of the technology company’s stock valued at $10,874,000 after purchasing an additional 44,550 shares during the period. Vanguard Group Inc. increased its position in shares of Mistras Group by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 1,201,864 shares of the technology company’s stock valued at $11,490,000 after purchasing an additional 29,140 shares during the last quarter. Empowered Funds LLC raised its position in Mistras Group by 8.2% in the first quarter. Empowered Funds LLC now owns 170,592 shares of the technology company’s stock worth $1,631,000 after acquiring an additional 12,884 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Mistras Group by 13.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 82,988 shares of the technology company’s stock worth $688,000 after purchasing an additional 10,046 shares during the last quarter. Institutional investors own 74.92% of the company’s stock.

Mistras Group Stock Performance

NYSE MG opened at $11.42 on Tuesday. Mistras Group, Inc. has a 12-month low of $5.09 and a 12-month high of $12.27. The firm has a market cap of $353.64 million, a P/E ratio of -30.05 and a beta of 1.72. The company has a quick ratio of 1.56, a current ratio of 1.69 and a debt-to-equity ratio of 1.04. The company’s 50 day moving average is $10.93 and its 200-day moving average is $9.55.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.06. Mistras Group had a positive return on equity of 9.19% and a negative net margin of 0.74%. The company had revenue of $189.77 million during the quarter, compared to analyst estimates of $188.30 million. Sell-side analysts predict that Mistras Group, Inc. will post 0.8 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Michael J. Lange sold 24,706 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $11.02, for a total transaction of $272,260.12. Following the transaction, the executive vice president now owns 278,003 shares in the company, valued at $3,063,593.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Michael J. Lange sold 6,111 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $11.17, for a total value of $68,259.87. Following the completion of the transaction, the executive vice president now owns 240,515 shares of the company’s stock, valued at $2,686,552.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael J. Lange sold 24,706 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $11.02, for a total value of $272,260.12. Following the transaction, the executive vice president now directly owns 278,003 shares of the company’s stock, valued at approximately $3,063,593.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,644 shares of company stock valued at $478,923 in the last ninety days. Company insiders own 12.30% of the company’s stock.

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.