Janney Montgomery Scott LLC Acquires New Stake in Mistras Group, Inc. (NYSE:MG)

Janney Montgomery Scott LLC acquired a new stake in Mistras Group, Inc. (NYSE:MGGet Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 17,025 shares of the technology company’s stock, valued at approximately $107,000. Janney Montgomery Scott LLC owned 0.06% of Mistras Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lapides Asset Management LLC raised its holdings in shares of Mistras Group by 24.1% in the 2nd quarter. Lapides Asset Management LLC now owns 486,800 shares of the technology company’s stock valued at $2,892,000 after buying an additional 94,400 shares during the period. Pacific Ridge Capital Partners LLC raised its holdings in shares of Mistras Group by 0.7% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 358,732 shares of the technology company’s stock valued at $2,371,000 after buying an additional 2,636 shares during the period. Values First Advisors Inc. raised its holdings in shares of Mistras Group by 8.4% in the 1st quarter. Values First Advisors Inc. now owns 37,642 shares of the technology company’s stock valued at $249,000 after buying an additional 2,902 shares during the period. Red Cedar Capital LLC raised its holdings in shares of Mistras Group by 0.9% in the 1st quarter. Red Cedar Capital LLC now owns 389,824 shares of the technology company’s stock valued at $2,577,000 after buying an additional 3,517 shares during the period. Finally, Royce & Associates LP raised its holdings in shares of Mistras Group by 25.0% in the 1st quarter. Royce & Associates LP now owns 929,572 shares of the technology company’s stock valued at $6,144,000 after buying an additional 186,200 shares during the period. Hedge funds and other institutional investors own 52.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MG. TheStreet downgraded Mistras Group from a “c-” rating to a “d” rating in a report on Thursday, November 3rd. StockNews.com upgraded Mistras Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

Mistras Group Price Performance

Shares of NYSE MG opened at $4.12 on Friday. The stock’s 50-day moving average is $4.65 and its two-hundred day moving average is $5.47. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.62 and a quick ratio of 1.50. Mistras Group, Inc. has a 1-year low of $3.38 and a 1-year high of $9.12. The company has a market cap of $123.17 million, a price-to-earnings ratio of 37.45 and a beta of 1.68.

Mistras Group Company Profile

(Get Rating)

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers non-destructive testing services; predictive maintenance assessments of fixed and rotating assets; inline inspection for pipelines; and develops enterprise inspection database management software and plant condition management software.

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Institutional Ownership by Quarter for Mistras Group (NYSE:MG)

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