MIND Technology, Inc. $MIND Shares Sold by Aegis Financial Corp

Aegis Financial Corp lowered its holdings in MIND Technology, Inc. (NASDAQ:MIND) by 8.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,572 shares of the company’s stock after selling 7,487 shares during the period. MIND Technology makes up 0.4% of Aegis Financial Corp’s portfolio, making the stock its 20th biggest position. Aegis Financial Corp owned about 1.00% of MIND Technology worth $672,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MIND. Geode Capital Management LLC lifted its position in shares of MIND Technology by 1.7% during the second quarter. Geode Capital Management LLC now owns 89,550 shares of the company’s stock worth $756,000 after purchasing an additional 1,518 shares during the last quarter. Brighton Jones LLC raised its stake in shares of MIND Technology by 6.5% in the 2nd quarter. Brighton Jones LLC now owns 18,448 shares of the company’s stock worth $156,000 after buying an additional 1,130 shares in the last quarter. Evernest Financial Advisors LLC acquired a new position in shares of MIND Technology in the 2nd quarter worth approximately $127,000. ARS Wealth Advisors Group LLC bought a new position in shares of MIND Technology in the second quarter valued at $127,000. Finally, Informed Momentum Co LLC acquired a new position in shares of MIND Technology in the 1st quarter valued at $535,000. Institutional investors and hedge funds own 9.83% of the company’s stock.

MIND Technology Price Performance

NASDAQ MIND opened at $11.89 on Friday. The firm has a market cap of $94.75 million, a P/E ratio of 3.67 and a beta of 0.59. MIND Technology, Inc. has a one year low of $3.67 and a one year high of $14.50. The stock’s 50-day moving average is $10.06 and its 200-day moving average is $8.74.

MIND Technology (NASDAQ:MIND) last posted its quarterly earnings data on Tuesday, September 9th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. MIND Technology had a return on equity of 15.85% and a net margin of 8.81%.The company had revenue of $13.56 million during the quarter, compared to analysts’ expectations of $12.64 million. During the same period in the prior year, the firm earned ($0.11) earnings per share.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MIND shares. Weiss Ratings restated a “hold (c+)” rating on shares of MIND Technology in a report on Wednesday, October 8th. Wall Street Zen lowered shares of MIND Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

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.