Mistras Group Inc (NYSE:MG) Short Interest Update

Mistras Group Inc (NYSE:MG) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 186,800 shares, a decline of 10.5% from the June 15th total of 208,600 shares. Based on an average trading volume of 75,800 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.1% of the shares of the company are short sold.

Shares of MG stock traded up $0.11 during trading hours on Tuesday, hitting $15.06. The company’s stock had a trading volume of 164,362 shares, compared to its average volume of 81,626. The stock has a fifty day moving average of $14.55. The firm has a market capitalization of $429.69 million, a PE ratio of 27.38, a price-to-earnings-growth ratio of 1.39 and a beta of 1.23. Mistras Group has a twelve month low of $12.38 and a twelve month high of $23.60. The company has a current ratio of 1.84, a quick ratio of 1.71 and a debt-to-equity ratio of 1.08.

Mistras Group (NYSE:MG) last released its quarterly earnings results on Monday, May 6th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). The business had revenue of $176.79 million during the quarter, compared to analyst estimates of $183.90 million. Mistras Group had a negative net margin of 0.19% and a positive return on equity of 4.11%. On average, analysts anticipate that Mistras Group will post 0.66 earnings per share for the current fiscal year.

In related news, Director Manuel N. Stamatakis bought 5,000 shares of the stock in a transaction on Monday, May 13th. The shares were bought at an average cost of $13.25 per share, for a total transaction of $66,250.00. Following the completion of the transaction, the director now owns 110,286 shares of the company’s stock, valued at approximately $1,461,289.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nicholas Debenedictis bought 2,495 shares of the stock in a transaction on Friday, May 17th. The shares were bought at an average price of $14.03 per share, for a total transaction of $35,004.85. Following the completion of the transaction, the director now directly owns 47,089 shares of the company’s stock, valued at approximately $660,658.67. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 26,041 shares of company stock worth $359,206. Company insiders own 42.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its stake in shares of Mistras Group by 667.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,082 shares of the technology company’s stock valued at $56,000 after buying an additional 3,550 shares during the period. Citigroup Inc. lifted its stake in shares of Mistras Group by 16.0% during the fourth quarter. Citigroup Inc. now owns 5,605 shares of the technology company’s stock valued at $81,000 after buying an additional 773 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in shares of Mistras Group by 440.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,186 shares of the technology company’s stock valued at $89,000 after buying an additional 5,041 shares during the period. SG Americas Securities LLC purchased a new position in shares of Mistras Group during the second quarter valued at approximately $103,000. Finally, CHICAGO TRUST Co NA purchased a new position in shares of Mistras Group during the second quarter valued at approximately $145,000. 59.05% of the stock is currently owned by institutional investors and hedge funds.

MG has been the topic of several recent analyst reports. ValuEngine upgraded shares of Vermillion from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. TheStreet upgraded shares of Stitch Fix from a “d” rating to a “c-” rating in a research report on Wednesday, June 26th. Credit Suisse Group restated an “outperform” rating and set a GBX 1,206 ($15.76) target price on shares of in a research report on Thursday, June 27th. Finally, Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.50.

About Mistras Group

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and testing program services; and engineering consulting services.

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