G2 Investment Partners Management LLC Decreases Stake in Geospace Technologies Co. (NASDAQ:GEOS)

G2 Investment Partners Management LLC decreased its position in Geospace Technologies Co. (NASDAQ:GEOS - Free Report) by 37.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 192,291 shares of the oil and gas company's stock after selling 116,376 shares during the quarter. 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.

Several other hedge funds also recently modified their holdings of the company. Tieton Capital Management LLC grew its position in shares of Geospace Technologies by 22.5% in the fourth 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 during the period. Dimensional Fund Advisors LP boosted its position in shares of Geospace Technologies by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 649,933 shares of the oil and gas company's stock worth $6,512,000 after acquiring an additional 22,584 shares during the last quarter. First Eagle Investment Management LLC raised its stake in Geospace Technologies by 1,200.2% during the fourth quarter. First Eagle Investment Management LLC now owns 283,321 shares of the oil and gas company's stock worth $2,839,000 after purchasing an additional 261,530 shares during the period. Peapod Lane Capital LLC acquired a new position in Geospace Technologies in the fourth quarter valued at $2,542,000. Finally, Empowered Funds LLC grew its position in Geospace Technologies by 4.9% during the fourth quarter. Empowered Funds LLC now owns 48,238 shares of the oil and gas company's stock valued at $483,000 after acquiring an additional 2,236 shares during the period. 57.15% of the stock is owned by institutional investors and hedge funds.

Geospace Technologies Price Performance

GEOS stock remained flat at $6.17 during midday trading on Wednesday. 15,294 shares of the company's stock were exchanged, compared to its average volume of 65,124. Geospace Technologies Co. has a 1 year low of $5.65 and a 1 year high of $13.79. The stock's fifty day simple moving average is $6.72 and its 200-day simple moving average is $8.99. The company has a market cap of $78.83 million, a P/E ratio of -7.43 and a beta of 0.28.

Geospace Technologies (NASDAQ:GEOS - Get Free Report) last posted its earnings results 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 8.86% and a positive return on equity of 4.61%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Geospace Technologies from a "hold" rating to a "sell" rating in a research note on Wednesday, May 7th.

Geospace Technologies 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.