Grace & White Inc. NY Sells 127,403 Shares of Dawson Geophysical Company $DWSN

Grace & White Inc. NY trimmed its position in Dawson Geophysical Company (NASDAQ:DWSN) by 14.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 779,143 shares of the oil and gas company’s stock after selling 127,403 shares during the period. Grace & White Inc. NY owned approximately 2.51% of Dawson Geophysical worth $2,696,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DWSN. Virtu Financial LLC acquired a new stake in shares of Dawson Geophysical during the fourth quarter worth about $29,000. Bridgeway Capital Management LLC boosted its position in Dawson Geophysical by 83.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 9,900 shares during the last quarter. HRT Financial LP bought a new stake in shares of Dawson Geophysical during the 4th quarter worth approximately $26,000. Citadel Advisors LLC raised its stake in shares of Dawson Geophysical by 67.9% during the 3rd quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after purchasing an additional 24,504 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of Dawson Geophysical in the 3rd quarter valued at approximately $52,000. Institutional investors own 7.86% of the company’s stock.

Dawson Geophysical Trading Up 9.9%

Shares of DWSN stock opened at $5.33 on Friday. Dawson Geophysical Company has a 12-month low of $1.26 and a 12-month high of $5.33. The company has a market capitalization of $165.50 million, a PE ratio of 35.53 and a beta of -0.08. The firm has a 50 day moving average price of $3.92 and a two-hundred day moving average price of $3.02. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.50.

Dawson Geophysical (NASDAQ:DWSN) last posted its earnings results on Thursday, May 14th. The oil and gas company reported $0.25 EPS for the quarter, beating the consensus estimate of ($0.29) by $0.54. Dawson Geophysical had a return on equity of 26.74% and a net margin of 4.91%.The company had revenue of $36.70 million for the quarter, compared to the consensus estimate of $27.20 million.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DWSN shares. Wall Street Zen raised shares of Dawson Geophysical from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dawson Geophysical in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company’s fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.