Barclays PLC Buys Shares of 19,680 Genasys Inc. (NASDAQ:GNSS)

Barclays PLC purchased a new position in Genasys Inc. (NASDAQ:GNSS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,680 shares of the company’s stock, valued at approximately $70,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BOKF NA lifted its holdings in Genasys by 103.4% in the second quarter. BOKF NA now owns 172,250 shares of the company’s stock valued at $364,000 after buying an additional 87,550 shares during the period. Cutter & CO Brokerage Inc. raised its position in shares of Genasys by 12.0% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock worth $758,000 after acquiring an additional 22,750 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Genasys in the 2nd quarter valued at about $875,000. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Genasys by 23.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock valued at $1,666,000 after purchasing an additional 87,883 shares during the period. Institutional investors and hedge funds own 40.04% of the company’s stock.

Insider Activity

In related news, Director William H. Dodd purchased 16,327 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $2.65 per share, for a total transaction of $43,266.55. Following the completion of the acquisition, the director now owns 59,159 shares of the company’s stock, valued at $156,771.35. This represents a 38.12 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on GNSS. Ascendiant Capital Markets lifted their target price on Genasys from $4.75 to $5.50 and gave the stock a “buy” rating in a report on Monday, December 16th. Roth Mkm lifted their price objective on shares of Genasys from $3.50 to $4.50 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Northland Securities boosted their target price on shares of Genasys from $4.50 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th.

Genasys Stock Performance

Shares of Genasys stock opened at $2.83 on Friday. The business has a 50-day simple moving average of $3.28 and a 200 day simple moving average of $3.12. The firm has a market capitalization of $127.15 million, a price-to-earnings ratio of -3.93 and a beta of 0.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.58 and a quick ratio of 1.98. Genasys Inc. has a one year low of $1.51 and a one year high of $4.04.

Genasys Profile

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.