Beddow Capital Management Inc. reduced its position in Dawson Geophysical Co (NASDAQ:DWSN) by 45.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 904,608 shares of the oil and gas company’s stock after selling 750,865 shares during the period. Dawson Geophysical comprises approximately 1.7% of Beddow Capital Management Inc.’s holdings, making the stock its 27th largest position. Beddow Capital Management Inc. owned approximately 3.94% of Dawson Geophysical worth $3,058,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in Dawson Geophysical by 101.2% during the 2nd quarter. BlackRock Inc. now owns 1,945,151 shares of the oil and gas company’s stock valued at $15,366,000 after buying an additional 978,357 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Dawson Geophysical by 3.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,724,353 shares of the oil and gas company’s stock worth $10,674,000 after purchasing an additional 63,732 shares in the last quarter. Grace & White Inc. NY increased its stake in shares of Dawson Geophysical by 19.0% in the 4th quarter. Grace & White Inc. NY now owns 1,289,864 shares of the oil and gas company’s stock worth $4,360,000 after purchasing an additional 206,197 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Dawson Geophysical by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 930,101 shares of the oil and gas company’s stock worth $5,757,000 after purchasing an additional 39,776 shares in the last quarter. Finally, Vanguard Group Inc increased its stake in shares of Dawson Geophysical by 4.5% in the 3rd quarter. Vanguard Group Inc now owns 930,101 shares of the oil and gas company’s stock worth $5,757,000 after purchasing an additional 39,776 shares in the last quarter. Institutional investors own 69.90% of the company’s stock.
NASDAQ:DWSN opened at $3.87 on Thursday. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $89.01 million, a PE ratio of -2.82 and a beta of 1.05. Dawson Geophysical Co has a one year low of $3.04 and a one year high of $8.40.
Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Dawson Geophysical from a “sell” rating to a “hold” rating in a research note on Wednesday. TheStreet lowered Dawson Geophysical from a “c-” rating to a “d+” rating in a research note on Thursday, December 6th. Finally, ValuEngine lowered Dawson Geophysical from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st.
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Dawson Geophysical Profile
Dawson Geophysical Company provides onshore seismic data acquisition services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.
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