Ion Geophysical Corporation (NYSE:IO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of Ion Geophysical Corporation (NYSE:IO) by 0.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 265,378 shares of the oil and gas company’s stock after selling 1,876 shares during the period. Dimensional Fund Advisors LP owned approximately 2.25% of Ion Geophysical Corporation worth $1,287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Algert Global LLC boosted its position in shares of Ion Geophysical Corporation by 90.3% in the 1st quarter. Algert Global LLC now owns 42,959 shares of the oil and gas company’s stock worth $208,000 after buying an additional 20,380 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Ion Geophysical Corporation by 203.9% in the 1st quarter. California Public Employees Retirement System now owns 43,966 shares of the oil and gas company’s stock valued at $213,000 after purchasing an additional 29,500 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Ion Geophysical Corporation by 0.5% in the 1st quarter. JPMorgan Chase & Co. now owns 95,783 shares of the oil and gas company’s stock valued at $464,000 after purchasing an additional 481 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in Ion Geophysical Corporation by 4.0% in the 1st quarter. Neuberger Berman Group LLC now owns 186,140 shares of the oil and gas company’s stock valued at $903,000 after purchasing an additional 7,090 shares in the last quarter. Institutional investors own 33.47% of the company’s stock.

In other Ion Geophysical Corporation news, EVP Jamey S. Seely sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $5.02, for a total value of $62,750.00. Following the sale, the executive vice president now owns 103,935 shares in the company, valued at $521,753.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 15.20% of the company’s stock.

Ion Geophysical Corporation (NYSE:IO) opened at 9.75 on Wednesday. The firm has a 50-day moving average of $6.61 and a 200-day moving average of $4.88. Ion Geophysical Corporation has a 12-month low of $3.20 and a 12-month high of $9.85. The stock’s market capitalization is $115.86 million.

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Separately, ValuEngine upgraded shares of Ion Geophysical Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th.

Ion Geophysical Corporation Company Profile

ION Geophysical Corporation is a technology-focused company. It provides geophysical technology, services and solutions to the global oil and gas industry. Its offerings are designed to enable oil and gas exploration and production (E&P) companies to obtain images of the Earth’s subsurface. It offers services and products through three segments: E&P Technology & Services, E&P Operations Optimization, and Ocean Bottom Services.

Institutional Ownership by Quarter for Ion Geophysical Corporation (NYSE:IO)

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