Geospace Technologies Corporation $GEOS Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its stake in Geospace Technologies Corporation (NASDAQ:GEOS) by 19.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 575,950 shares of the oil and gas company’s stock after selling 138,800 shares during the quarter. Moors & Cabot Inc. owned 4.47% of Geospace Technologies worth $9,739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GEOS. First Eagle Investment Management LLC boosted its position in Geospace Technologies by 2.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 522,864 shares of the oil and gas company’s stock worth $9,914,000 after acquiring an additional 13,500 shares during the period. Glenorchy Capital Ltd increased its stake in Geospace Technologies by 1.0% in the 2nd quarter. Glenorchy Capital Ltd now owns 193,884 shares of the oil and gas company’s stock valued at $2,765,000 after buying an additional 1,946 shares during the period. Geode Capital Management LLC lifted its position in Geospace Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 146,107 shares of the oil and gas company’s stock worth $2,472,000 after buying an additional 3,507 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Geospace Technologies by 5.4% during the 3rd quarter. Bridgeway Capital Management LLC now owns 138,619 shares of the oil and gas company’s stock valued at $2,628,000 after buying an additional 7,141 shares during the period. Finally, EagleClaw Capital Managment LLC grew its holdings in shares of Geospace Technologies by 69.2% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 61,150 shares of the oil and gas company’s stock valued at $1,159,000 after acquiring an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

Geospace Technologies Trading Up 1.8%

NASDAQ:GEOS opened at $8.69 on Friday. The firm has a market capitalization of $112.45 million, a PE ratio of -3.83 and a beta of 0.20. Geospace Technologies Corporation has a 1 year low of $5.51 and a 1 year high of $29.89. The firm’s fifty day simple moving average is $9.80 and its 200 day simple moving average is $13.52.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on GEOS shares. Wall Street Zen raised Geospace Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Geospace Technologies in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Geospace Technologies presently has an average rating of “Sell”.

Geospace Technologies 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.