Assenagon Asset Management S.A. Buys 36,161 Shares of Mistras Group, Inc. (NYSE:MG)

Posted by Defense World Staff on Oct 18th, 2023

Assenagon Asset Management S.A. boosted its stake in Mistras Group, Inc. (NYSE:MG – Free Report) by 91.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,906 shares of the technology company’s stock after purchasing an additional 36,161 shares during the period. Assenagon Asset Management S.A. owned approximately 0.25% of Mistras Group worth $586,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in shares of Mistras Group by 34.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 27,156 shares of the technology company’s stock valued at $180,000 after acquiring an additional 6,989 shares during the period. Panagora Asset Management Inc. grew its position in shares of Mistras Group by 9.5% during the 1st quarter. Panagora Asset Management Inc. now owns 72,166 shares of the technology company’s stock valued at $477,000 after acquiring an additional 6,268 shares during the period. BlackRock Inc. grew its position in shares of Mistras Group by 0.9% during the 1st quarter. BlackRock Inc. now owns 1,400,796 shares of the technology company’s stock valued at $9,258,000 after acquiring an additional 12,485 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Mistras Group by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 996,636 shares of the technology company’s stock valued at $6,587,000 after acquiring an additional 36,770 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of Mistras Group by 5.5% during the 1st quarter. Federated Hermes Inc. now owns 500,458 shares of the technology company’s stock valued at $3,308,000 after acquiring an additional 26,162 shares during the period. Institutional investors own 49.25% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Mistras Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd.

Get Our Latest Stock Analysis on Mistras Group

Mistras Group Trading Up 2.3 %

Shares of Mistras Group stock opened at $5.37 on Wednesday. The company has a market capitalization of $162.72 million, a P/E ratio of 76.71 and a beta of 1.53. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.41 and a current ratio of 1.56. The company has a fifty day moving average of $5.43 and a 200 day moving average of $6.73. Mistras Group, Inc. has a fifty-two week low of $3.38 and a fifty-two week high of $8.31.

Mistras Group (NYSE:MG – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.05 EPS for the quarter. The business had revenue of $176.03 million for the quarter. Mistras Group had a net margin of 0.37% and a return on equity of 2.95%.

About Mistras Group

(Free Report)

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. It operates through three segments: Services, International, and Products and Systems. The company 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.