Pacific Ridge Capital Partners LLC Sells 13,263 Shares of Mistras Group, Inc. (NYSE:MG)

Pacific Ridge Capital Partners LLC lowered its holdings in shares of Mistras Group, Inc. (NYSE:MG) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,488 shares of the technology company’s stock after selling 13,263 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 1.13% of Mistras Group worth $2,897,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV purchased a new position in Mistras Group during the second quarter valued at $600,000. Renaissance Technologies LLC boosted its stake in Mistras Group by 11.8% in the 2nd quarter. Renaissance Technologies LLC now owns 104,900 shares of the technology company’s stock worth $870,000 after purchasing an additional 11,100 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 worth $10,874,000 after purchasing an additional 44,550 shares in the last quarter. American Century Companies Inc. grew its position in 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 purchasing an additional 3,143 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Mistras Group by 12.3% during the 2nd quarter. Rhumbline Advisers now owns 26,250 shares of the technology company’s stock valued at $218,000 after purchasing an additional 2,884 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Mistras Group Stock Performance

MG stock opened at $11.14 on Friday. The stock has a market capitalization of $344.97 million, a PE ratio of -29.32 and a beta of 1.72. The stock’s 50 day simple moving average is $10.73 and its 200 day simple moving average is $9.45. Mistras Group, Inc. has a 12-month low of $4.96 and a 12-month high of $12.27. The company has a current ratio of 1.69, a quick ratio of 1.56 and a debt-to-equity ratio of 1.04.

Mistras Group (NYSE:MG) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. The business had revenue of $189.77 million during the quarter, compared to analyst estimates of $188.30 million. Mistras Group had a positive return on equity of 9.19% and a negative net margin of 0.74%. As a group, research analysts forecast that Mistras Group, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Transactions at Mistras Group

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

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.