MIND Technology, Inc. $MIND Holdings Lowered by ARS Investment Partners LLC

ARS Investment Partners LLC lowered its position in shares of MIND Technology, Inc. (NASDAQ:MIND) by 41.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,491 shares of the company’s stock after selling 90,418 shares during the quarter. ARS Investment Partners LLC owned 1.62% of MIND Technology worth $1,048,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in MIND Technology in the 2nd quarter worth about $33,000. Evernest Financial Advisors LLC acquired a new position in shares of MIND Technology in the 2nd quarter valued at about $127,000. ARS Wealth Advisors Group LLC purchased a new stake in shares of MIND Technology in the second quarter worth approximately $127,000. Brighton Jones LLC purchased a new stake in shares of MIND Technology in the fourth quarter worth approximately $138,000. Finally, Jump Financial LLC acquired a new stake in shares of MIND Technology during the second quarter worth approximately $239,000. Institutional investors and hedge funds own 9.83% of the company’s stock.

MIND Technology Price Performance

Shares of MIND Technology stock opened at $8.76 on Thursday. The company has a market cap of $79.18 million, a PE ratio of 23.06 and a beta of 0.57. The firm has a fifty day moving average price of $10.22 and a two-hundred day moving average price of $9.25. MIND Technology, Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $14.50.

MIND Technology (NASDAQ:MIND) last released its quarterly earnings data on Tuesday, December 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.15). MIND Technology had a net margin of 6.61% and a return on equity of 9.95%. The firm had revenue of $9.69 million for the quarter, compared to the consensus estimate of $10.90 million.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MIND. Weiss Ratings restated a “hold (c)” rating on shares of MIND Technology in a report on Thursday, December 18th. Wall Street Zen cut MIND Technology from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, MIND Technology presently has a consensus rating of “Hold”.

MIND Technology Company 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.