Y Intercept Hong Kong Ltd Purchases Shares of 20,184 Geospace Technologies Corporation $GEOS

Y Intercept Hong Kong Ltd acquired a new position in Geospace Technologies Corporation (NASDAQ:GEOS) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,184 shares of the oil and gas company’s stock, valued at approximately $288,000.

A number of other institutional investors have also modified their holdings of GEOS. ARS Wealth Advisors Group LLC acquired a new stake in Geospace Technologies during the 2nd quarter worth approximately $179,000. Nuveen LLC purchased a new stake in Geospace Technologies during the first quarter worth approximately $120,000. Bank of New York Mellon Corp increased its position in shares of Geospace Technologies by 15.2% in the first quarter. Bank of New York Mellon Corp now owns 30,601 shares of the oil and gas company’s stock worth $221,000 after acquiring an additional 4,043 shares in the last quarter. EagleClaw Capital Managment LLC raised its stake in shares of Geospace Technologies by 193.1% in the 1st quarter. EagleClaw Capital Managment LLC now owns 40,150 shares of the oil and gas company’s stock valued at $289,000 after acquiring an additional 26,450 shares during the period. Finally, Strs Ohio acquired a new position in shares of Geospace Technologies during the 1st quarter valued at $367,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Wall Street Analysts Forecast Growth

GEOS has been the topic of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Geospace Technologies in a research report on Wednesday, October 8th. Wall Street Zen raised Geospace Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Geospace Technologies Price Performance

NASDAQ GEOS opened at $25.99 on Friday. The company has a market capitalization of $333.22 million, a price-to-earnings ratio of -24.52 and a beta of 0.62. Geospace Technologies Corporation has a 12 month low of $5.51 and a 12 month high of $29.89. The company’s fifty day moving average price is $21.54 and its two-hundred day moving average price is $14.84.

Geospace Technologies (NASDAQ:GEOS) last issued its earnings results on Thursday, August 7th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter. Geospace Technologies had a negative net margin of 11.70% and a positive return on equity of 2.77%.

About Geospace Technologies

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets.