Ranger Investment Management L.P. Lowers Stake in Genasys Inc. (NASDAQ:GNSS)

Ranger Investment Management L.P. cut its stake in shares of Genasys Inc. (NASDAQ:GNSS - Free Report) by 69.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 223,794 shares of the company's stock after selling 502,327 shares during the period. Ranger Investment Management L.P. owned about 0.51% of Genasys worth $454,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GNSS. Tower Research Capital LLC TRC grew its stake in shares of Genasys by 537.2% in the third quarter. Tower Research Capital LLC TRC now owns 13,935 shares of the company's stock worth $28,000 after purchasing an additional 11,748 shares during the last quarter. Barclays PLC bought a new stake in shares of Genasys in the third quarter worth $31,000. Ieq Capital LLC bought a new stake in shares of Genasys in the fourth quarter worth $62,000. Victory Capital Management Inc. grew its stake in shares of Genasys by 49.4% in the fourth quarter. Victory Capital Management Inc. now owns 30,885 shares of the company's stock worth $63,000 after purchasing an additional 10,212 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Genasys by 15,270.7% in the first quarter. JPMorgan Chase & Co. now owns 23,056 shares of the company's stock worth $68,000 after purchasing an additional 22,906 shares during the last quarter. 40.04% of the stock is currently owned by institutional investors and hedge funds.

Genasys Price Performance

Shares of Genasys stock traded up $0.07 during trading on Friday, hitting $2.34. The company's stock had a trading volume of 31,881 shares, compared to its average volume of 71,875. Genasys Inc. has a 52 week low of $1.51 and a 52 week high of $3.92. The stock has a market cap of $103.02 million, a price-to-earnings ratio of -4.25 and a beta of 0.48. The stock has a 50-day moving average price of $1.95 and a two-hundred day moving average price of $1.87.

Genasys (NASDAQ:GNSS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The business had revenue of $4.36 million during the quarter, compared to the consensus estimate of $7.88 million. Genasys had a negative return on equity of 35.02% and a negative net margin of 53.32%. On average, equities analysts predict that Genasys Inc. will post -0.28 EPS for the current fiscal year.

Genasys Profile

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.