Mercer Global Advisors Inc. ADV Makes New Investment in Mistras Group, Inc. (NYSE:MG)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of Mistras Group, Inc. (NYSE:MG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 72,363 shares of the technology company’s stock, valued at approximately $600,000. Mercer Global Advisors Inc. ADV owned 0.23% of Mistras Group as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MG. Renaissance Technologies LLC lifted its position in Mistras Group by 11.8% during the second quarter. Renaissance Technologies LLC now owns 104,900 shares of the technology company’s stock valued at $870,000 after buying an additional 11,100 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 acquiring an additional 44,550 shares during the period. American Century Companies Inc. lifted its holdings in shares of Mistras Group by 27.6% during the 2nd quarter. American Century Companies Inc. now owns 14,536 shares of the technology company’s stock valued at $121,000 after acquiring an additional 3,143 shares in the last quarter. Rhumbline Advisers boosted its position in Mistras Group by 12.3% during the 2nd quarter. Rhumbline Advisers now owns 26,250 shares of the technology company’s stock worth $218,000 after purchasing an additional 2,884 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Mistras Group by 13.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 82,988 shares of the technology company’s stock valued at $688,000 after purchasing an additional 10,046 shares in the last quarter. 74.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mistras Group

In other news, EVP Michael J. Lange sold 12,827 shares of Mistras Group stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $10.79, for a total transaction of $138,403.33. Following the sale, the executive vice president now directly owns 265,176 shares of the company’s stock, valued at $2,861,249.04. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Mistras Group news, EVP Michael J. Lange sold 12,827 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $10.79, for a total transaction of $138,403.33. Following the transaction, the executive vice president now directly owns 265,176 shares in the company, valued at approximately $2,861,249.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael J. Lange sold 6,111 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $11.17, for a total transaction of $68,259.87. Following the transaction, the executive vice president now directly owns 240,515 shares of the company’s stock, valued at $2,686,552.55. The disclosure for this sale can be found here. In the last three months, insiders sold 43,644 shares of company stock valued at $478,923. Corporate insiders own 12.30% of the company’s stock.

Mistras Group Trading Down 0.9 %

Shares of MG opened at $11.14 on Friday. The stock has a market cap of $344.97 million, a PE ratio of -29.34 and a beta of 1.72. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.69 and a quick ratio of 1.56. Mistras Group, Inc. has a 12 month low of $4.96 and a 12 month high of $12.27. The stock’s 50-day moving average is $10.73 and its two-hundred day moving average is $9.45.

Mistras Group (NYSE:MG) last issued 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. The company had revenue of $189.77 million during the quarter, compared to the consensus estimate of $188.30 million. Mistras Group had a negative net margin of 0.74% and a positive return on equity of 9.19%. Equities analysts forecast that Mistras Group, Inc. will post 0.8 earnings per share for the current fiscal year.

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.