Stratos Wealth Partners LTD. Sells 4,000 Shares of MIND Technology, Inc. $MIND

Stratos Wealth Partners LTD. trimmed its holdings in MIND Technology, Inc. (NASDAQ:MIND) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,680 shares of the company’s stock after selling 4,000 shares during the quarter. Stratos Wealth Partners LTD. owned approximately 1.05% of MIND Technology worth $706,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MIND. Informed Momentum Co LLC bought a new position in shares of MIND Technology during the first quarter worth $535,000. Brighton Jones LLC bought a new position in shares of MIND Technology during the 4th quarter valued at about $138,000. Evernest Financial Advisors LLC purchased a new position in shares of MIND Technology during the second quarter valued at about $127,000. ARS Wealth Advisors Group LLC bought a new stake in shares of MIND Technology in the second quarter worth about $127,000. Finally, IFP Advisors Inc lifted its position in shares of MIND Technology by 100.0% in the first quarter. IFP Advisors Inc now owns 8,036 shares of the company’s stock worth $48,000 after buying an additional 4,018 shares in the last quarter. Institutional investors own 9.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wall Street Zen cut MIND Technology from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MIND Technology in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

MIND Technology Stock Down 0.5%

NASDAQ MIND opened at $10.48 on Thursday. MIND Technology, Inc. has a 52 week low of $3.48 and a 52 week high of $11.50. The firm has a market capitalization of $83.53 million, a price-to-earnings ratio of 3.23 and a beta of 0.56. The company has a fifty day moving average of $9.42 and a two-hundred day moving average of $7.93.

MIND Technology (NASDAQ:MIND) last announced its earnings results on Tuesday, September 9th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. MIND Technology had a net margin of 8.81% and a return on equity of 15.85%. The business had revenue of $13.56 million for the quarter, compared to the consensus estimate of $12.64 million. During the same quarter in the prior year, the firm posted ($0.11) earnings per share.

MIND Technology Company Profile

MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries worldwide. Its primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; SeaLink towed seismic streamer system; and Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications.