Geospace Technologies Corporation (NASDAQ:GEOS) EVP Robbin B. Adams sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $14.95, for a total transaction of $14,950.00. Following the completion of the sale, the executive vice president now directly owns 34,000 shares in the company, valued at approximately $508,300. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Geospace Technologies Corporation (NASDAQ GEOS) traded down $0.29 on Wednesday, hitting $15.43. 53,900 shares of the stock traded hands, compared to its average volume of 44,738. Geospace Technologies Corporation has a fifty-two week low of $13.08 and a fifty-two week high of $24.37.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its holdings in shares of Geospace Technologies by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 49,701 shares of the oil and gas company’s stock worth $688,000 after purchasing an additional 304 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Geospace Technologies by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 26,443 shares of the oil and gas company’s stock worth $366,000 after purchasing an additional 630 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Geospace Technologies by 5.3% in the 2nd quarter. Alliancebernstein L.P. now owns 19,700 shares of the oil and gas company’s stock worth $272,000 after purchasing an additional 1,000 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Geospace Technologies by 4.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 36,334 shares of the oil and gas company’s stock worth $502,000 after purchasing an additional 1,453 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Geospace Technologies by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 233,728 shares of the oil and gas company’s stock worth $3,233,000 after buying an additional 1,483 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

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About Geospace Technologies

Geospace Technologies Corporation designs and manufactures instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs. The Company also designs and manufactures non-seismic products, including industrial products, offshore cables and imaging equipment.

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