De Lisle Partners LLP Makes New $998,000 Investment in Geospace Technologies Corporation $GEOS

De Lisle Partners LLP bought a new position in Geospace Technologies Corporation (NASDAQ:GEOS) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 147,133 shares of the oil and gas company’s stock, valued at approximately $998,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tieton Capital Management LLC purchased a new stake in shares of Geospace Technologies during the 2nd quarter valued at approximately $6,142,000. Grace & White Inc. NY boosted its holdings in Geospace Technologies by 53.7% in the 1st quarter. Grace & White Inc. NY now owns 473,201 shares of the oil and gas company’s stock worth $5,773,000 after buying an additional 165,406 shares during the period. Sei Investments Co. grew its stake in Geospace Technologies by 108.6% in the 1st quarter. Sei Investments Co. now owns 410,906 shares of the oil and gas company’s stock valued at $5,013,000 after buying an additional 213,950 shares in the last quarter. BlackRock Inc. purchased a new position in Geospace Technologies in the 2nd quarter valued at approximately $1,569,000. Finally, Glenorchy Capital Ltd raised its holdings in Geospace Technologies by 1.0% during 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 acquiring an additional 1,946 shares during the period. Institutional investors own 57.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on GEOS. Weiss Ratings upgraded Geospace Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 16th. Wall Street Zen cut Geospace Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Geospace Technologies presently has a consensus rating of “Sell”.

Geospace Technologies Stock Performance

GEOS stock opened at $5.51 on Monday. The firm has a 50 day moving average of $6.67 and a 200-day moving average of $8.74. The firm has a market capitalization of $71.30 million, a P/E ratio of -1.79 and a beta of 0.19. Geospace Technologies Corporation has a 12 month low of $5.05 and a 12 month high of $29.89.

Geospace Technologies (NASDAQ:GEOS) last posted its earnings results on Friday, August 7th. The oil and gas company reported ($0.75) earnings per share for the quarter. Geospace Technologies had a negative return on equity of 35.80% and a negative net margin of 43.10%.The firm had revenue of $15.80 million for the quarter.

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.