Geospace Technologies Co. (NASDAQ:GEOS) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 649,933 shares of the oil and gas company’s stock after buying an additional 22,584 shares during the quarter. Dimensional Fund Advisors LP owned about 5.07% of Geospace Technologies worth $6,512,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mariner LLC purchased a new stake in Geospace Technologies in the fourth quarter valued at $127,000. JPMorgan Chase & Co. increased its position in shares of Geospace Technologies by 148.9% during the fourth quarter. JPMorgan Chase & Co. now owns 13,577 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 8,123 shares in the last quarter. EagleClaw Capital Managment LLC lifted its holdings in shares of Geospace Technologies by 24.5% in the 4th quarter. EagleClaw Capital Managment LLC now owns 13,700 shares of the oil and gas company’s stock valued at $137,000 after purchasing an additional 2,700 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Geospace Technologies by 10.4% in the 4th quarter. Wells Fargo & Company MN now owns 14,646 shares of the oil and gas company’s stock valued at $147,000 after purchasing an additional 1,380 shares during the period. Finally, Barclays PLC grew its stake in Geospace Technologies by 278.2% during the 3rd quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock worth $172,000 after buying an additional 12,227 shares during the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

Geospace Technologies Price Performance

GEOS stock opened at $6.03 on Monday. The company has a market cap of $77.05 million, a price-to-earnings ratio of -7.27 and a beta of 0.28. The company has a fifty day moving average price of $6.77 and a 200 day moving average price of $9.04. Geospace Technologies Co. has a 12 month low of $5.65 and a 12 month high of $13.79.

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

Analysts Set New Price Targets

Separately, StockNews.com cut Geospace Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 7th.

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.