GSA Capital Partners LLP Invests $846,000 in Mistras Group Inc $MG

GSA Capital Partners LLP purchased a new stake in Mistras Group Inc (NYSE:MG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 85,934 shares of the technology company’s stock, valued at approximately $846,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Mistras Group during the first quarter worth approximately $256,000. Empowered Funds LLC boosted its stake in Mistras Group by 7.3% during the 1st quarter. Empowered Funds LLC now owns 218,088 shares of the technology company’s stock valued at $2,307,000 after acquiring an additional 14,786 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Mistras Group during the 2nd quarter worth $81,000. CSM Advisors LLC bought a new stake in shares of Mistras Group in the 2nd quarter worth about $2,917,000. Finally, Raiffeisen Bank International AG acquired a new stake in shares of Mistras Group in the 2nd quarter valued at about $431,000. 74.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on MG. Weiss Ratings restated a “hold (c)” rating on shares of Mistras Group in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. UBS Group set a $16.00 target price on Mistras Group in a research note on Thursday, November 20th. Finally, Zacks Research downgraded Mistras Group from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Mistras Group currently has a consensus rating of “Hold” and a consensus price target of $16.00.

Mistras Group Stock Down 0.1%

MG stock opened at $14.82 on Friday. The firm’s 50-day moving average is $13.82 and its two-hundred day moving average is $11.50. The company has a market capitalization of $467.54 million, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 0.94 and a beta of 0.89. Mistras Group Inc has a 52 week low of $7.06 and a 52 week high of $15.22. The company has a current ratio of 1.89, a quick ratio of 1.77 and a debt-to-equity ratio of 0.89.

Mistras Group Company Profile

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.