Geode Capital Management LLC lifted its holdings in shares of MIND Technology, Inc. (NASDAQ:MIND – Free Report) by 416.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,247 shares of the company’s stock after purchasing an additional 69,550 shares during the period. Geode Capital Management LLC owned about 6.12% of MIND Technology worth $685,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in shares of MIND Technology in the 4th quarter worth $458,000. Virtu Financial LLC increased its stake in MIND Technology by 117.0% during the fourth quarter. Virtu Financial LLC now owns 24,095 shares of the company’s stock valued at $191,000 after purchasing an additional 12,991 shares during the last quarter. Brighton Jones LLC bought a new position in MIND Technology in the fourth quarter worth about $138,000. Finally, IFP Advisors Inc bought a new position in MIND Technology during the 4th quarter worth $32,000. 9.83% of the stock is currently owned by hedge funds and other institutional investors.
MIND Technology Price Performance
MIND stock opened at $6.59 on Friday. The company’s 50 day simple moving average is $6.30 and its 200-day simple moving average is $6.29. The firm has a market capitalization of $9.27 million, a P/E ratio of 2.12 and a beta of 0.64. MIND Technology, Inc. has a 52-week low of $3.05 and a 52-week high of $11.10.
Analyst Ratings Changes
Separately, StockNews.com cut shares of MIND Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th.
View Our Latest Analysis on MIND
MIND Technology Profile
MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries worldwide. Its primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; SeaLink towed seismic streamer system; and Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications.
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