Strs Ohio Makes New Investment in Geospace Technologies Corporation $GEOS

Key Points

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Strs Ohio bought a new position in shares of Geospace Technologies Corporation (NASDAQ:GEOS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 50,900 shares of the oil and gas company's stock, valued at approximately $367,000. Strs Ohio owned 0.40% of Geospace Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Geospace Technologies by 45.0% in 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 purchasing an additional 3,782 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Geospace Technologies during the first quarter valued at $120,000. Bank of New York Mellon Corp boosted its stake in shares of Geospace Technologies by 15.2% during the first quarter. Bank of New York Mellon Corp now owns 30,601 shares of the oil and gas company's stock valued at $221,000 after purchasing an additional 4,043 shares during the period. EagleClaw Capital Managment LLC raised its holdings in shares of Geospace Technologies by 193.1% in the first quarter. EagleClaw Capital Managment LLC now owns 40,150 shares of the oil and gas company's stock valued at $289,000 after acquiring an additional 26,450 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Geospace Technologies by 8.2% in the first quarter. Empowered Funds LLC now owns 52,207 shares of the oil and gas company's stock valued at $376,000 after acquiring an additional 3,969 shares in the last quarter. Institutional investors own 57.15% of the company's stock.

Geospace Technologies Stock Performance

Shares of Geospace Technologies stock opened at $20.49 on Tuesday. The company has a market capitalization of $262.68 million, a PE ratio of -19.33 and a beta of 0.70. The company has a 50-day simple moving average of $16.39 and a two-hundred day simple moving average of $10.95. Geospace Technologies Corporation has a one year low of $5.51 and a one year high of $21.60.

Geospace Technologies (NASDAQ:GEOS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter. Geospace Technologies had a negative net margin of 11.70% and a positive return on equity of 2.77%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Geospace Technologies from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

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.

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