G2 Investment Partners Management LLC reduced its position in Geospace Technologies Co. (NASDAQ:GEOS - Free Report) by 37.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,291 shares of the oil and gas company's stock after selling 116,376 shares during the period. G2 Investment Partners Management LLC owned about 1.50% of Geospace Technologies worth $1,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its holdings in Geospace Technologies by 1,200.2% in the fourth quarter. First Eagle Investment Management LLC now owns 283,321 shares of the oil and gas company's stock valued at $2,839,000 after buying an additional 261,530 shares in the last quarter. Peapod Lane Capital LLC acquired a new stake in shares of Geospace Technologies during the 4th quarter valued at about $2,542,000. Tieton Capital Management LLC increased its stake in shares of Geospace Technologies by 22.5% in the 4th quarter. Tieton Capital Management LLC now owns 882,797 shares of the oil and gas company's stock valued at $8,846,000 after purchasing an additional 161,905 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Geospace Technologies by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 649,933 shares of the oil and gas company's stock worth $6,512,000 after purchasing an additional 22,584 shares during the period. Finally, Mariner LLC acquired a new position in Geospace Technologies in the 4th quarter worth about $127,000. 57.15% of the stock is owned by hedge funds and other institutional investors.
Geospace Technologies Stock Performance
Geospace Technologies stock traded down $0.63 during trading on Friday, reaching $6.03. The company had a trading volume of 219,889 shares, compared to its average volume of 66,052. The firm has a market capitalization of $77.05 million, a PE ratio of -7.27 and a beta of 0.28. The firm's 50-day simple moving average is $6.77 and its 200 day simple moving average is $9.04. Geospace Technologies Co. has a 1-year low of $5.65 and a 1-year high of $13.79.
Geospace Technologies (NASDAQ:GEOS - Get Free Report) last announced its earnings results 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 8.86% and a positive return on equity of 4.61%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Geospace Technologies from a "hold" rating to a "sell" rating in a report on Wednesday.
View Our Latest Stock Report on Geospace Technologies
Geospace Technologies Profile
(
Free Report)
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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