Russell Investments Group Ltd. Lowers Position in Genasys Inc. (NASDAQ:GNSS)

Russell Investments Group Ltd. reduced its position in shares of Genasys Inc. (NASDAQ:GNSS) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 448,497 shares of the company’s stock after selling 12,421 shares during the period. Russell Investments Group Ltd. owned approximately 1.22% of Genasys worth $1,323,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Royce & Associates LP raised its stake in shares of Genasys by 2.0% during the 1st quarter. Royce & Associates LP now owns 1,108,389 shares of the company’s stock worth $3,270,000 after buying an additional 21,484 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Genasys in the first quarter valued at $35,000. Capital Advisors Inc. OK purchased a new stake in shares of Genasys during the 1st quarter worth $260,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Genasys during the 1st quarter worth $67,000. Finally, BOKF NA acquired a new position in shares of Genasys during the 4th quarter worth $150,000. Institutional investors and hedge funds own 39.46% of the company’s stock.

Genasys Stock Down 0.6 %

Shares of NASDAQ GNSS opened at $3.32 on Wednesday. The stock has a market capitalization of $123.44 million, a price-to-earnings ratio of -5.44 and a beta of 0.32. Genasys Inc. has a 52 week low of $2.28 and a 52 week high of $4.23. The firm has a 50-day moving average price of $2.90 and a 200 day moving average price of $2.99.

Genasys Company Profile

Genasys, Inc engages in the provision of critical communications hardware and software solutions and a multi-channel approach to deliver geo-targeted alerts, notifications, instructions, and information before, during, and after public safety threats and critical business events. Its communications platform includes Genasys Emergency Management (GEM) applications, National Emergency Warning Systems (NEWS), and LRAD long-range voice broadcast systems.