EagleClaw Capital Managment LLC Increases Position in Geospace Technologies Corporation (NASDAQ:GEOS)

Key Points

• EagleClaw Capital Management LLC increased its position in Geospace Technologies by 193.1% in the first quarter, now owning approximately 0.31% of the company's stock valued at $289,000.
• A number of institutional investors, including Prudential Financial and JPMorgan Chase, also raised their stakes in Geospace Technologies during the fourth quarter, indicating increased interest in the company.
• Wall Street Zen downgraded Geospace Technologies from a "hold" rating to a "sell" rating, highlighting a cautious outlook from analysts.

EagleClaw Capital Managment LLC lifted its stake in shares of Geospace Technologies Corporation (NASDAQ:GEOS - Free Report) by 193.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,150 shares of the oil and gas company's stock after buying an additional 26,450 shares during the quarter. EagleClaw Capital Managment LLC owned about 0.31% of Geospace Technologies worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Grace & White Inc. NY increased its position in shares of Geospace Technologies by 39.4% during the first quarter. Grace & White Inc. NY now owns 301,321 shares of the oil and gas company's stock valued at $2,173,000 after buying an additional 85,225 shares during the period. Peapod Lane Capital LLC increased its position in shares of Geospace Technologies by 10.4% during the first quarter. Peapod Lane Capital LLC now owns 280,051 shares of the oil and gas company's stock valued at $2,019,000 after buying an additional 26,399 shares during the period. Moors & Cabot Inc. increased its position in shares of Geospace Technologies by 5.3% during the first quarter. Moors & Cabot Inc. now owns 785,900 shares of the oil and gas company's stock valued at $5,666,000 after buying an additional 39,813 shares during the period. Mariner LLC purchased a new stake in Geospace Technologies in the fourth quarter worth about $127,000. Finally, JPMorgan Chase & Co. grew its holdings in Geospace Technologies by 148.9% in the fourth quarter. JPMorgan Chase & Co. now owns 13,577 shares of the oil and gas company's stock worth $136,000 after purchasing an additional 8,123 shares during the period. Hedge funds and other institutional investors own 57.15% of the company's stock.

Geospace Technologies Stock Performance

Shares of NASDAQ:GEOS traded up $1.18 during trading on Monday, reaching $17.04. 129,775 shares of the stock traded hands, compared to its average volume of 137,486. The stock has a 50-day moving average of $11.00 and a two-hundred day moving average of $8.69. Geospace Technologies Corporation has a 52-week low of $5.51 and a 52-week high of $18.99. The stock has a market cap of $218.22 million, a P/E ratio of -13.31 and a beta of 0.60.

Geospace Technologies (NASDAQ:GEOS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The oil and gas company reported ($0.77) earnings per share for the quarter. Geospace Technologies had a negative net margin of 14.03% and a positive return on equity of 0.69%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Geospace Technologies from a "hold" rating to a "sell" rating in a report on Friday, May 16th.

Geospace Technologies Company Profile

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets.