O Shaughnessy Asset Management LLC Sells 32,591 Shares of Genasys Inc. (NASDAQ:GNSS)

O Shaughnessy Asset Management LLC trimmed its stake in Genasys Inc. (NASDAQ:GNSS) by 60.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,578 shares of the company’s stock after selling 32,591 shares during the period. O Shaughnessy Asset Management LLC owned 0.06% of Genasys worth $118,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cannon Global Investment Management LLC purchased a new stake in Genasys during the 2nd quarter valued at about $85,000. Gradient Investments LLC acquired a new position in Genasys in the 2nd quarter worth about $49,000. Melqart Asset Management UK Ltd acquired a new position in Genasys in the 1st quarter worth about $227,000. Royal Bank of Canada raised its holdings in Genasys by 2,846.5% in the 1st quarter. Royal Bank of Canada now owns 36,154 shares of the company’s stock worth $242,000 after purchasing an additional 34,927 shares during the period. Finally, Price T Rowe Associates Inc. MD acquired a new position in Genasys in the 1st quarter worth about $77,000. 45.04% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Scott L. Anchin acquired 5,000 shares of the stock in a transaction dated Tuesday, September 14th. The stock was acquired at an average cost of $5.35 per share, with a total value of $26,750.00. Following the completion of the transaction, the director now owns 156,905 shares in the company, valued at approximately $839,441.75. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 6.30% of the company’s stock.

Shares of Genasys stock opened at $5.08 on Wednesday. The business has a 50 day simple moving average of $5.40 and a two-hundred day simple moving average of $5.97. The stock has a market capitalization of $183.60 million, a P/E ratio of 18.81 and a beta of 0.50. Genasys Inc. has a 12 month low of $5.01 and a 12 month high of $8.32.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings data on Wednesday, July 28th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $12.63 million during the quarter, compared to analysts’ expectations of $12.52 million. Genasys had a return on equity of 5.33% and a net margin of 20.42%. As a group, equities analysts forecast that Genasys Inc. will post 0.01 EPS for the current fiscal year.

About Genasys

Genasys, Inc provides critical communications systems and solutions and multi-channel approach to deliver geo-targeted alerts, notifications, instructions and information before, during, and after public safety threats and critical business events. Its communications platform includes Genasys Emergency Management (GEM) applications, National Emergency Warning Systems (NEWS), and LRAD long-range voice broadcast systems.

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Institutional Ownership by Quarter for Genasys (NASDAQ:GNSS)

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