Mistras Group Inc (NYSE:MG) EVP Michael C. Keefe sold 4,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $22.80, for a total value of $91,200.00. Following the completion of the sale, the executive vice president now directly owns 38,761 shares in the company, valued at $883,750.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Mistras Group Inc (MG) traded down $0.23 during trading hours on Thursday, hitting $22.49. The stock had a trading volume of 75,400 shares, compared to its average volume of 77,498. The company has a market capitalization of $642.77, a P/E ratio of 40.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.08 and a current ratio of 2.21. Mistras Group Inc has a 1 year low of $17.00 and a 1 year high of $26.46.
Mistras Group (NYSE:MG) last announced its quarterly earnings results on Monday, November 6th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The business had revenue of $179.57 million for the quarter, compared to the consensus estimate of $172.28 million. Mistras Group had a net margin of 0.68% and a return on equity of 6.16%. sell-side analysts expect that Mistras Group Inc will post 0.46 EPS for the current year.
Large investors have recently made changes to their positions in the company. Lapides Asset Management LLC purchased a new stake in Mistras Group during the third quarter valued at $531,000. Uniplan Investment Counsel Inc. increased its position in Mistras Group by 13.8% during the second quarter. Uniplan Investment Counsel Inc. now owns 273,936 shares of the technology company’s stock valued at $6,018,000 after acquiring an additional 33,137 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Mistras Group by 5.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 61,464 shares of the technology company’s stock valued at $1,315,000 after acquiring an additional 3,078 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Mistras Group during the second quarter valued at $452,000. Finally, Vanguard Group Inc. increased its position in Mistras Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 1,386,429 shares of the technology company’s stock valued at $30,460,000 after acquiring an additional 34,319 shares during the last quarter. 62.14% of the stock is currently owned by hedge funds and other institutional investors.
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