JB Capital Partners LP Buys Shares of 202,243 Mistras Group Inc $MG

JB Capital Partners LP bought a new position in shares of Mistras Group Inc (NYSE:MG) during the second quarter, according to its most recent filing with the SEC. The fund bought 202,243 shares of the technology company’s stock, valued at approximately $3,533,185. Mistras Group accounts for 0.0% of JB Capital Partners LP’s investment portfolio, making the stock its 25th largest holding. JB Capital Partners LP owned about 0.64% of Mistras Group at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Mistras Group in the 2nd quarter worth approximately $20,373,000. Deutsche Bank AG acquired a new stake in shares of Mistras Group in the 2nd quarter valued at approximately $6,804,000. Bank of New York Mellon Corp acquired a new position in shares of Mistras Group during the 2nd quarter valued at about $1,384,000. State of Wyoming acquired a new stake in shares of Mistras Group in the 2nd quarter valued at about $71,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Mistras Group in the 2nd quarter worth approximately $1,392,000. Institutional investors own 74.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MG. Weiss Ratings upgraded shares of Mistras Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Zacks Research cut Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Roth Capital began coverage on Mistras Group in a research report on Thursday, April 30th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Wall Street Zen downgraded Mistras Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Mistras Group Trading Down 3.0%

Shares of MG stock traded down $0.57 during trading hours on Friday, reaching $18.68. 63,609 shares of the stock traded hands, compared to its average volume of 185,378. Mistras Group Inc has a 1-year low of $9.35 and a 1-year high of $20.20. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. The business has a fifty day moving average price of $17.07 and a 200 day moving average price of $16.66. The firm has a market capitalization of $594.96 million, a PE ratio of 22.51, a PEG ratio of 1.13 and a beta of 0.89.

Mistras Group (NYSE:MG) last released its quarterly earnings results on Monday, August 10th. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. Mistras Group had a net margin of 3.65% and a return on equity of 14.66%. The company had revenue of $193.13 million during the quarter, compared to analysts’ expectations of $189.66 million. On average, equities research analysts forecast that Mistras Group Inc will post 1.04 EPS for the current year.

About Mistras Group

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.