Sequoia Financial Advisors LLC Increases Stock Holdings in Genasys Inc. (NASDAQ:GNSS)

Sequoia Financial Advisors LLC lifted its stake in shares of Genasys Inc. (NASDAQ:GNSS) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 380,000 shares of the company’s stock after buying an additional 10,000 shares during the period. Sequoia Financial Advisors LLC’s holdings in Genasys were worth $771,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Genasys by 0.9% during the third quarter. Vanguard Group Inc. now owns 1,614,831 shares of the company’s stock valued at $3,246,000 after buying an additional 14,600 shares during the last quarter. Mak Capital One LLC boosted its position in shares of Genasys by 19.1% during the third quarter. Mak Capital One LLC now owns 628,809 shares of the company’s stock valued at $1,264,000 after buying an additional 100,821 shares during the last quarter. AWM Investment Company Inc. boosted its position in shares of Genasys by 32.2% during the third quarter. AWM Investment Company Inc. now owns 5,749,544 shares of the company’s stock valued at $11,557,000 after buying an additional 1,400,000 shares during the last quarter. B. Riley Asset Management LLC purchased a new position in Genasys in the third quarter worth $651,000. Finally, Tower Research Capital LLC TRC boosted its position in Genasys by 537.2% in the third quarter. Tower Research Capital LLC TRC now owns 13,935 shares of the company’s stock worth $28,000 after purchasing an additional 11,748 shares during the last quarter. Hedge funds and other institutional investors own 40.04% of the company’s stock.

Genasys Trading Down 4.1 %

GNSS stock opened at $2.10 on Tuesday. The stock’s fifty day simple moving average is $2.03 and its two-hundred day simple moving average is $1.85. Genasys Inc. has a 1-year low of $1.51 and a 1-year high of $3.92. The stock has a market cap of $92.46 million, a P/E ratio of -3.82 and a beta of 0.48.

Genasys (NASDAQ:GNSS) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Genasys had a negative return on equity of 35.02% and a negative net margin of 53.32%. The business had revenue of $4.36 million during the quarter, compared to analysts’ expectations of $7.88 million. As a group, analysts forecast that Genasys Inc. will post -0.28 earnings per share for the current fiscal year.

About Genasys

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.