202,243 Shares in Mistras Group Inc $MG Acquired by JB Capital Partners LP

JB Capital Partners LP bought a new position in shares of Mistras Group Inc (NYSE:MG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 202,243 shares of the technology company’s stock, valued at approximately $3,533,185,000. Mistras Group comprises about 0.5% of JB Capital Partners LP’s investment portfolio, making the stock its 25th largest holding. JB Capital Partners LP owned approximately 0.64% of Mistras Group at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MG. Torren Management LLC acquired a new position in shares of Mistras Group during the 4th quarter worth about $28,000. State of Wyoming acquired a new position in shares of Mistras Group during the second quarter valued at approximately $71,000. BNP Paribas Financial Markets raised its holdings in shares of Mistras Group by 22.5% during the third quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock valued at $73,000 after acquiring an additional 1,360 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Mistras Group in the fourth quarter valued at approximately $74,000. Finally, MetLife Investment Management LLC boosted its stake in shares of Mistras Group by 17.8% in the fourth quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock worth $89,000 after acquiring an additional 1,065 shares during the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

Mistras Group Price Performance

Shares of MG stock opened at $18.94 on Friday. Mistras Group Inc has a 1 year low of $9.24 and a 1 year high of $20.20. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75. The firm’s 50 day moving average is $17.02 and its 200-day moving average is $16.52. The firm has a market capitalization of $603.24 million, a price-to-earnings ratio of 22.82, a PEG ratio of 1.17 and a beta of 0.89.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Monday, August 10th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. Mistras Group had a return on equity of 14.66% and a net margin of 3.65%.The firm had revenue of $193.13 million for the quarter, compared to the consensus estimate of $189.66 million. Sell-side analysts forecast that Mistras Group Inc will post 1.04 EPS for the current fiscal year.

Analysts Set New Price Targets

MG has been the topic of several research reports. Wall Street Zen lowered Mistras Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded shares of Mistras Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Roth Capital assumed coverage on shares of Mistras Group in a research report on Thursday, April 30th. They set a “buy” rating and a $22.00 price target on the stock. Finally, Zacks Research cut shares of Mistras Group from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Mistras Group presently has a consensus rating of “Hold” and an average price target of $19.00.

Mistras Group 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.