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

In other Mistras Group news, Director Manuel N. Stamatakis bought 5,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average cost of $14.04 per share, with a total value of $70,200.00. Following the purchase, the director now owns 115,286 shares in the company, valued at $1,618,615.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jonathan H. Wolk bought 2,500 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were acquired at an average cost of $13.76 per share, with a total value of $34,400.00. Following the completion of the purchase, the chief operating officer now owns 94,900 shares in the company, valued at approximately $1,305,824. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 26,041 shares of company stock worth $359,206. Corporate insiders own 42.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lapides Asset Management LLC lifted its stake in Mistras Group by 62.7% in the 2nd quarter. Lapides Asset Management LLC now owns 48,000 shares of the technology company’s stock valued at $690,000 after buying an additional 18,500 shares in the last quarter. SG Americas Securities LLC purchased a new position in Mistras Group in the 2nd quarter valued at about $103,000. CHICAGO TRUST Co NA purchased a new position in Mistras Group in the 2nd quarter valued at about $145,000. We Are One Seven LLC lifted its stake in Mistras Group by 49.9% in the 2nd quarter. We Are One Seven LLC now owns 31,256 shares of the technology company’s stock valued at $449,000 after buying an additional 10,406 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Mistras Group by 0.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 909,021 shares of the technology company’s stock valued at $12,554,000 after buying an additional 4,692 shares in the last quarter. Institutional investors own 59.05% of the company’s stock.

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

Shares of MG traded up $0.11 during midday trading on Tuesday, reaching $15.06. 164,362 shares of the stock were exchanged, compared to its average volume of 81,626. 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. The stock has a market capitalization of $429.69 million, a P/E ratio of 27.38, a P/E/G ratio of 1.39 and a beta of 1.23. The firm has a 50 day moving average of $14.55.

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

Mistras Group Company Profile

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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