Geospace Technologies Corporation (NASDAQ:GEOS) Stake Boosted by Peapod Lane Capital LLC

Peapod Lane Capital LLC lifted its stake in shares of Geospace Technologies Corporation (NASDAQ:GEOS - Free Report) by 10.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 about 2.3% of Peapod Lane Capital LLC's investment portfolio, making the stock its 16th largest holding. Peapod Lane Capital LLC owned 2.19% of Geospace Technologies worth $2,019,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wells Fargo & Company MN raised its stake in shares of Geospace Technologies by 10.4% during the fourth quarter. Wells Fargo & Company MN now owns 14,646 shares of the oil and gas company's stock valued at $147,000 after purchasing an additional 1,380 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Geospace Technologies by 7.7% during the fourth quarter. Prudential Financial Inc. now owns 19,625 shares of the oil and gas company's stock valued at $197,000 after purchasing an additional 1,400 shares in the last quarter. Barclays PLC raised its holdings in Geospace Technologies by 10.2% during the fourth quarter. Barclays PLC now owns 18,318 shares of the oil and gas company's stock worth $184,000 after purchasing an additional 1,696 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Geospace Technologies by 7.0% during the fourth quarter. Bank of New York Mellon Corp now owns 26,558 shares of the oil and gas company's stock worth $266,000 after purchasing an additional 1,739 shares in the last quarter. Finally, LSV Asset Management raised its holdings in Geospace Technologies by 24.4% during the fourth quarter. LSV Asset Management now owns 18,043 shares of the oil and gas company's stock worth $181,000 after purchasing an additional 3,543 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors.

Geospace Technologies Trading Up 0.7%

NASDAQ:GEOS traded up $0.09 during mid-day trading on Friday, reaching $12.65. 163,861 shares of the stock were exchanged, compared to its average volume of 88,149. The business has a fifty day moving average price of $9.01 and a 200 day moving average price of $8.42. Geospace Technologies Corporation has a 1-year low of $5.51 and a 1-year high of $18.99. The firm has a market capitalization of $162.05 million, a PE ratio of -9.88 and a beta of 0.57.

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

Analyst Ratings Changes

Separately, Wall Street Zen cut 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.