Grace & White Inc. NY Has $5.77 Million Stock Position in Geospace Technologies Corporation $GEOS

Grace & White Inc. NY lifted its stake in Geospace Technologies Corporation (NASDAQ:GEOS) by 53.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 473,201 shares of the oil and gas company’s stock after purchasing an additional 165,406 shares during the period. Grace & White Inc. NY owned 3.67% of Geospace Technologies worth $5,773,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. BNP Paribas Financial Markets increased its holdings in Geospace Technologies by 670.8% in the third quarter. BNP Paribas Financial Markets now owns 3,453 shares of the oil and gas company’s stock valued at $65,000 after purchasing an additional 3,005 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Geospace Technologies during the 2nd quarter worth about $51,000. Kestra Advisory Services LLC acquired a new position in shares of Geospace Technologies during the 4th quarter worth about $67,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Geospace Technologies during the 4th quarter worth about $176,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Geospace Technologies in the 4th quarter valued at about $178,000. 57.15% of the stock is owned by institutional investors and hedge funds.

Geospace Technologies Trading Down 2.9%

NASDAQ:GEOS opened at $6.38 on Friday. Geospace Technologies Corporation has a 1 year low of $6.31 and a 1 year high of $29.89. The stock has a market cap of $82.56 million, a price-to-earnings ratio of -2.81 and a beta of 0.16. The stock has a 50-day moving average price of $8.31 and a two-hundred day moving average price of $12.05.

Geospace Technologies (NASDAQ:GEOS) last released its quarterly earnings results on Thursday, May 7th. The oil and gas company reported ($0.86) EPS for the quarter. Geospace Technologies had a negative return on equity of 24.22% and a negative net margin of 28.86%.The business had revenue of $19.74 million for the quarter.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Weiss Ratings raised shares of Geospace Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 16th. Wall Street Zen raised shares of Geospace Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Geospace Technologies Company Profile

Geospace Technologies Corporation specializes in the design, manufacturing and marketing of geophysical instrumentation for seismic data acquisition. The company’s solutions address the needs of oil and gas exploration and production companies by enabling detailed subsurface imaging through advanced sensor and acquisition systems. Geospace serves both land and marine seismic markets, offering equipment that meets the rigorous demands of contemporary seismic surveys.

In its Land Products segment, Geospace Technologies offers a range of components including geophones, accelerometers, cable and recorder accessories designed to collect high-quality seismic signals in onshore environments.