Northern Trust Corp Increases Stock Position in Genasys Inc. (NASDAQ:GNSS)

Northern Trust Corp raised its holdings in shares of Genasys Inc. (NASDAQ:GNSS) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,588 shares of the company’s stock after buying an additional 9,504 shares during the period. Northern Trust Corp owned about 0.20% of Genasys worth $238,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Boothbay Fund Management LLC acquired a new position in shares of Genasys during the fourth quarter worth $31,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Genasys in the fourth quarter worth $63,000. XTX Topco Ltd bought a new stake in shares of Genasys in the fourth quarter worth $66,000. Integrated Wealth Concepts LLC raised its holdings in Genasys by 36.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 27,031 shares of the company’s stock valued at $70,000 after acquiring an additional 7,250 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in Genasys during the 4th quarter valued at $71,000. 40.04% of the stock is owned by hedge funds and other institutional investors.

Genasys Stock Up 1.2%

Shares of NASDAQ:GNSS opened at $1.65 on Tuesday. Genasys Inc. has a 1-year low of $1.54 and a 1-year high of $4.04. The company’s fifty day moving average is $1.96 and its two-hundred day moving average is $2.60. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.97 and a current ratio of 1.33. The stock has a market capitalization of $74.51 million, a price-to-earnings ratio of -2.50 and a beta of 0.68.

Genasys (NASDAQ:GNSS) last posted its earnings results on Tuesday, May 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $6.93 million for the quarter, compared to the consensus estimate of $8.05 million. Genasys had a negative net margin of 109.39% and a negative return on equity of 122.99%. Equities analysts anticipate that Genasys Inc. will post -0.23 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Genasys from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd.

Genasys Company 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.