JB Capital Partners LP Makes New Investment in Mistras Group Inc $MG

JB Capital Partners LP bought a new position in shares of Mistras Group Inc (NYSE:MG) in the 2nd quarter, HoldingsChannel reports. The fund bought 202,243 shares of the technology company’s stock, valued at approximately $3,533,185,000. Mistras Group makes up 0.5% of JB Capital Partners LP’s portfolio, making the stock its 25th biggest holding.

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

Mistras Group Stock Down 2.9%

MG stock opened at $18.94 on Friday. The company’s 50 day simple moving average is $17.02 and its 200-day simple moving average is $16.52. The firm has a market capitalization of $603.24 million, a P/E ratio of 22.82, a P/E/G ratio of 1.17 and a beta of 0.89. Mistras Group Inc has a 52-week low of $9.24 and a 52-week high of $20.20. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.71 and a quick ratio of 1.58.

Mistras Group (NYSE:MG) last released its quarterly earnings data 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. The firm had revenue of $193.13 million for the quarter, compared to analyst estimates of $189.66 million. Mistras Group had a net margin of 3.65% and a return on equity of 14.66%. As a group, equities research analysts anticipate that Mistras Group Inc will post 1.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MG. Weiss Ratings upgraded Mistras Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Roth Capital initiated coverage on shares of Mistras Group in a research note on Thursday, April 30th. They issued a “buy” rating and a $22.00 target price for the company. Wall Street Zen cut shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Zacks Research lowered Mistras Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.00.

Mistras Group Company 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.