Invenomic Capital Management LP Trims Stock Position in Mistras Group, Inc. (NYSE:MG)

Invenomic Capital Management LP lessened its stake in Mistras Group, Inc. (NYSE:MG) by 52.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,994 shares of the technology company’s stock after selling 347,272 shares during the period. Invenomic Capital Management LP owned 1.02% of Mistras Group worth $3,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Mistras Group by 3.5% during 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 during the last quarter. Vanguard Group Inc. grew its holdings in shares of Mistras Group by 2.5% during the first quarter. Vanguard Group Inc. now owns 1,201,864 shares of the technology company’s stock worth $11,490,000 after buying an additional 29,140 shares during the last quarter. Foundry Partners LLC increased its position in Mistras Group by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 379,713 shares of the technology company’s stock valued at $4,317,000 after acquiring an additional 3,593 shares during the period. Empowered Funds LLC increased its position in Mistras Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 193,514 shares of the technology company’s stock valued at $2,200,000 after acquiring an additional 9,782 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in Mistras Group by 29.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 124,091 shares of the technology company’s stock valued at $1,411,000 after acquiring an additional 27,950 shares during the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Mistras Group Trading Down 2.2 %

NYSE:MG opened at $9.04 on Wednesday. Mistras Group, Inc. has a 12-month low of $6.30 and a 12-month high of $12.44. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. The stock’s 50 day simple moving average is $10.25 and its 200-day simple moving average is $9.82. The firm has a market cap of $280.33 million, a P/E ratio of 25.83, a PEG ratio of 0.82 and a beta of 1.78.

Insider Buying and Selling at Mistras Group

In other Mistras Group news, EVP Michael J. Lange sold 12,827 shares of the business’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 transaction of $138,403.33. Following the transaction, the executive vice president now owns 265,176 shares in the company, valued at approximately $2,861,249.04. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 43,644 shares of company stock valued at $478,923. 12.30% of the stock is owned by company insiders.

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.