12,711 Shares in Geospace Technologies Co. (NASDAQ:GEOS) Purchased by Mariner LLC

Mariner LLC acquired a new position in shares of Geospace Technologies Co. (NASDAQ:GEOS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,711 shares of the oil and gas company’s stock, valued at approximately $127,000. Mariner LLC owned about 0.10% of Geospace Technologies at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in Geospace Technologies by 10.2% in the fourth quarter. Barclays PLC now owns 18,318 shares of the oil and gas company’s stock valued at $184,000 after acquiring an additional 1,696 shares during the last quarter. LSV Asset Management boosted its position in shares of Geospace Technologies by 24.4% in the 4th quarter. LSV Asset Management now owns 18,043 shares of the oil and gas company’s stock worth $181,000 after purchasing an additional 3,543 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Geospace Technologies by 10.4% during the fourth quarter. Wells Fargo & Company MN now owns 14,646 shares of the oil and gas company’s stock worth $147,000 after purchasing an additional 1,380 shares during the period. JPMorgan Chase & Co. increased its holdings in Geospace Technologies by 148.9% in the fourth quarter. JPMorgan Chase & Co. now owns 13,577 shares of the oil and gas company’s stock valued at $136,000 after purchasing an additional 8,123 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Geospace Technologies by 7.7% in the fourth quarter. Prudential Financial Inc. now owns 19,625 shares of the oil and gas company’s stock valued at $197,000 after buying an additional 1,400 shares during the period. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Geospace Technologies Stock Performance

Shares of NASDAQ:GEOS opened at $6.66 on Friday. The company has a 50 day moving average price of $6.80 and a two-hundred day moving average price of $9.10. The company has a market capitalization of $85.09 million, a PE ratio of -8.02 and a beta of 0.28. Geospace Technologies Co. has a 52 week low of $5.77 and a 52 week high of $13.79.

Geospace Technologies (NASDAQ:GEOS) last issued its quarterly earnings data on Thursday, May 8th. The oil and gas company reported ($0.77) EPS for the quarter. Geospace Technologies had a positive return on equity of 4.61% and a negative net margin of 8.86%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Geospace Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday.

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.