Connor Clark & Lunn Investment Management Ltd. Has $1.16 Million Holdings in Mistras Group, Inc. (NYSE:MG)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Mistras Group, Inc. (NYSE:MG) by 26.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,215 shares of the technology company’s stock after purchasing an additional 21,505 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.33% of Mistras Group worth $1,162,000 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. American Century Companies Inc. grew its position in Mistras Group by 27.6% in the second 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 during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Mistras Group by 21.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,630 shares of the technology company’s stock valued at $212,000 after acquiring an additional 3,327 shares during the last quarter. Rhumbline Advisers grew its position in Mistras Group by 12.3% in the second quarter. Rhumbline Advisers now owns 26,250 shares of the technology company’s stock valued at $218,000 after acquiring an additional 2,884 shares during the last quarter. GSA Capital Partners LLP grew its position in Mistras Group by 13.0% in the third quarter. GSA Capital Partners LLP now owns 51,797 shares of the technology company’s stock valued at $589,000 after acquiring an additional 5,962 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in Mistras Group in the second quarter valued at about $600,000. Institutional investors and hedge funds own 74.92% of the company’s stock.

Insider Transactions at Mistras Group

In other news, EVP Michael J. Lange sold 12,827 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 265,176 shares of the company’s stock, valued at $2,861,249.04. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 43,644 shares of company stock worth $478,923. Insiders own 12.30% of the company’s stock.

Mistras Group Stock Performance

Mistras Group stock opened at $9.28 on Thursday. Mistras Group, Inc. has a 12-month low of $6.30 and a 12-month high of $12.44. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. The business’s 50-day moving average price is $10.40 and its two-hundred day moving average price is $9.79. The stock has a market cap of $287.77 million, a PE ratio of 26.51, a P/E/G ratio of 0.83 and a beta of 1.75.

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.