Advent International Cut Its Mistras Group (MG) Position as Stock Price Declined; As Tandy Leather Factory (TLF) Market Value Rose, Beddow Capital Management Increased by $443,814 Its Position

June 20, 2018 - By Adrian Mccoy

Tandy Leather Factory, Inc. (NASDAQ:TLF) Logo

Advent International Corp decreased its stake in Mistras Group Inc (MG) by 28.06% based on its latest 2018Q1 regulatory filing with the SEC. Advent International Corp sold 115,666 shares as the company’s stock declined 5.63% with the market. The hedge fund held 296,495 shares of the military and government and technical company at the end of 2018Q1, valued at $5.62M, down from 412,161 at the end of the previous reported quarter. Advent International Corp who had been investing in Mistras Group Inc for a number of months, seems to be less bullish one the $523.90 million market cap company. The stock decreased 0.27% or $0.05 during the last trading session, reaching $18.49. About 19,391 shares traded. Mistras Group, Inc. (NYSE:MG) has declined 8.46% since June 20, 2017 and is downtrending. It has underperformed by 21.03% the S&P500. Some Historical MG News: 12/03/2018 – MISTRAS GROUP 4Q ADJ EPS 15C; 19/04/2018 – DJ Mistras Group Inc, Inst Holders, 1Q 2018 (MG); 12/03/2018 – Mistras Sees FY18 Rev $715M-$730M; 12/03/2018 Mistras 4Q EPS 3c; 12/03/2018 – MISTRAS GROUP INC MG.N SEES FY 2018 REVENUE $715 MLN TO $730 MLN; 07/05/2018 – MISTRAS GROUP 1Q EPS 10C; 07/05/2018 – MISTRAS GROUP INC – COMPANY’S 2018 FINANCIAL GUIDANCE REMAINS UNCHANGED; 07/05/2018 – MISTRAS GROUP INC MG.N FY2018 REV VIEW $726.4 MLN — THOMSON REUTERS l/B/E/S; 12/03/2018 – Mistras 4Q Adj EPS 15c; 12/03/2018 – MISTRAS GROUP INC – EXPECTS THAT OPERATING CASH FLOW WILL APPROXIMATE $70 MLN IN 2018




Ed Beddow increased its stake in Tandy Leather Factory (TLF) by 11.32% based on its latest 2018Q1 regulatory filing with the SEC. Beddow Capital Management Inc bought 63,402 shares as the company’s stock rose 6.21% while stock markets declined. The hedge fund run by Ed Beddow held 623,620 shares of the consumer non-durables company at the end of 2018Q1, valued at $4.43M, up from 560,218 at the end of the previous reported quarter. Beddow Capital Management Inc who had been investing in Tandy Leather Factory for a number of months, seems to be bullish on the $70.69 million market cap company. The stock increased 1.32% or $0.1 during the last trading session, reaching $7.7. About 644 shares traded. Tandy Leather Factory, Inc. (NASDAQ:TLF) has declined 12.50% since June 20, 2017 and is downtrending. It has underperformed by 25.07% the S&P500. Some Historical TLF News: 07/03/2018 TANDY LEATHER FACTORY INC TLF.O SEES FY 2020 SALES $87 MLN TO $90 MLN; 07/03/2018 – Tandy Leather Factory 4Q Adj EPS 22c; 22/04/2018 – DJ Tandy Leather Factory Inc, Inst Holders, 1Q 2018 (TLF); 02/05/2018 – Tandy Leather Factory Guidance Range for 2018 EPS Remains Unchanged; 04/05/2018 – DJ Tandy Brands Accessories Inc, Inst Holders, 1Q 2018 (TBACQ); 07/03/2018 – TANDY LEATHER FACTORY INC TLF.O SEES FY 2018 SHR $0.63 TO $0.68; 14/03/2018 – Football Rumors: Buccaneers Re-Sign S Keith Tandy; 14/03/2018 – Tandy Leather Factory May Benefit, Industry Best in Almost 4 Yrs; 07/03/2018 – Tandy Leather Factory 4Q EPS 18c; 02/05/2018 – Tandy Leather Factory 1Q EPS 14c

Among 10 analysts covering Mistras Group (NYSE:MG), 2 have Buy rating, 1 Sell and 7 Hold. Therefore 20% are positive. Mistras Group had 29 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Mistras Group, Inc. (NYSE:MG) has “Hold” rating given on Friday, November 10 by Robert W. Baird. The rating was maintained by BMO Capital Markets with “Market Perform” on Monday, May 15. The stock has “Hold” rating by KeyBanc Capital Markets on Thursday, October 5. The firm has “Underperform” rating by Bank of America given on Friday, May 11. Stephens maintained Mistras Group, Inc. (NYSE:MG) on Tuesday, March 13 with “Hold” rating. The stock of Mistras Group, Inc. (NYSE:MG) has “Neutral” rating given on Monday, October 2 by Robert W. Baird. The company was downgraded on Wednesday, December 16 by Sidoti. The stock of Mistras Group, Inc. (NYSE:MG) earned “Neutral” rating by Bank of America on Friday, March 17. The firm earned “Hold” rating on Thursday, January 18 by Stephens. The stock has “Equal Weight” rating by Stephens on Friday, August 7.

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.32, from 1.35 in 2017Q4. It is negative, as 10 investors sold MG shares while 22 reduced holdings. 7 funds opened positions while 26 raised stakes. 15.99 million shares or 6.91% less from 17.17 million shares in 2017Q4 were reported. Parametric Port Associates Lc holds 14,490 shares. Morgan Stanley accumulated 53,567 shares. Ameritas Ptnrs holds 1,338 shares. Northern Corporation reported 0% in Mistras Group, Inc. (NYSE:MG). New York-based Brown Brothers Harriman & Communications has invested 0.01% in Mistras Group, Inc. (NYSE:MG). 858,937 were accumulated by Wedge Cap Management L Ltd Partnership Nc. Tiaa Cref Investment Llc owns 64,718 shares. Rhumbline Advisers accumulated 17,740 shares or 0% of the stock. Comml Bank Of America Corp De invested in 68,456 shares or 0% of the stock. Swiss Bancorporation, Switzerland-based fund reported 29,700 shares. Bernzott Cap Advsrs invested 2.08% of its portfolio in Mistras Group, Inc. (NYSE:MG). Los Angeles Mngmt & Equity Rech owns 24,974 shares for 0% of their portfolio. Advent Ma has 0.11% invested in Mistras Group, Inc. (NYSE:MG). Royal Natl Bank Of Canada reported 929,732 shares. Wellington Mngmt Ltd Liability Partnership invested in 0.01% or 2.83 million shares.

Advent International Corp, which manages about $32.03B and $4.99B US Long portfolio, upped its stake in Express Scripts Hldg Co (NASDAQ:ESRX) by 100,749 shares to 319,170 shares, valued at $22.05 million in 2018Q1, according to the filing. It also increased its holding in Etrade Financial Corp (NASDAQ:ETFC) by 7,753 shares in the quarter, for a total of 212,519 shares, and has risen its stake in Expedia Inc (NASDAQ:EXPE).

More news for Mistras Group, Inc. (NYSE:MG) were recently published by: Globenewswire.com, which released: “Investor Expectations to Drive Momentum within Gorman-Rupp, Mistras Group, Inovalon, Johnson Controls …” on June 11, 2018. Seekingalpha.com‘s article titled: “MSA Safety Isn’t Overvalued, Just Binary” and published on June 12, 2018 is yet another important article.

Analysts await Mistras Group, Inc. (NYSE:MG) to report earnings on August, 14. They expect $0.16 earnings per share, up 77.78% or $0.07 from last year’s $0.09 per share. MG’s profit will be $4.53 million for 28.89 P/E if the $0.16 EPS becomes a reality. After $0.10 actual earnings per share reported by Mistras Group, Inc. for the previous quarter, Wall Street now forecasts 60.00% EPS growth.

Since May 10, 2018, it had 0 insider purchases, and 2 insider sales for $128,283 activity. WELDON WAYNE CURTIS had sold 2,823 shares worth $55,190 on Thursday, May 10.

Since March 13, 2018, it had 4 insider purchases, and 0 insider sales for $789,972 activity.

Beddow Capital Management Inc, which manages about $385.61M and $248.28 million US Long portfolio, decreased its stake in Dawson Geophysical Company (TGE) by 106,405 shares to 1.72 million shares, valued at $11.59M in 2018Q1, according to the filing. It also reduced its holding in Chevron Corp (NYSE:CVX) by 4,238 shares in the quarter, leaving it with 8,935 shares, and cut its stake in Mesabi Trust Ctfs (NYSE:MSB).

Mistras Group, Inc. (NYSE:MG) Institutional Positions Chart

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