Peapod Lane Capital LLC Raises Stock Holdings in Geospace Technologies Corporation (NASDAQ:GEOS)

Peapod Lane Capital LLC raised its stake in Geospace Technologies Corporation (NASDAQ:GEOS - Free Report) by 10.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 280,051 shares of the oil and gas company's stock after purchasing an additional 26,399 shares during the quarter. Geospace Technologies comprises approximately 2.3% of Peapod Lane Capital LLC's holdings, making the stock its 16th biggest holding. Peapod Lane Capital LLC owned approximately 2.19% of Geospace Technologies worth $2,019,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE lifted its position in Geospace Technologies by 45.0% during the fourth quarter. Bank of America Corp DE now owns 12,191 shares of the oil and gas company's stock valued at $122,000 after buying an additional 3,782 shares in the last quarter. Mariner LLC purchased a new position in shares of Geospace Technologies in the 4th quarter valued at $127,000. JPMorgan Chase & Co. lifted its holdings in shares of Geospace Technologies by 148.9% during the 4th quarter. JPMorgan Chase & Co. now owns 13,577 shares of the oil and gas company's stock valued at $136,000 after acquiring an additional 8,123 shares in the last quarter. Wells Fargo & Company MN boosted its position in Geospace Technologies by 10.4% during the 4th quarter. Wells Fargo & Company MN now owns 14,646 shares of the oil and gas company's stock worth $147,000 after purchasing an additional 1,380 shares during the period. Finally, LSV Asset Management increased its holdings in Geospace Technologies by 24.4% in the 4th quarter. LSV Asset Management now owns 18,043 shares of the oil and gas company's stock valued at $181,000 after purchasing an additional 3,543 shares in the last quarter. 57.15% of the stock is owned by hedge funds and other institutional investors.

Geospace Technologies Stock Performance

Shares of NASDAQ:GEOS traded down $0.31 during mid-day trading on Thursday, hitting $12.47. 101,234 shares of the company traded hands, compared to its average volume of 87,663. The firm's 50 day simple moving average is $8.77 and its 200 day simple moving average is $8.38. The firm has a market cap of $159.68 million, a P/E ratio of -9.73 and a beta of 0.57. Geospace Technologies Corporation has a 52-week low of $5.51 and a 52-week high of $18.99.

Geospace Technologies (NASDAQ:GEOS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The oil and gas company reported ($0.77) earnings per share (EPS) 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 Geospace Technologies from a "hold" rating to a "sell" rating in a research note on Friday, May 16th.

About Geospace Technologies

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.