Legal & General Group Plc Has $361,000 Stake in Geospace Technologies Corporation (GEOS)

Legal & General Group Plc cut its position in Geospace Technologies Corporation (NASDAQ:GEOS) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,254 shares of the oil and gas company’s stock after selling 158 shares during the period. Legal & General Group Plc owned about 0.17% of Geospace Technologies Corporation worth $361,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GEOS. Contravisory Investment Management Inc. bought a new stake in shares of Geospace Technologies Corporation during the first quarter worth approximately $126,000. Tiedemann Wealth Management LLC raised its stake in shares of Geospace Technologies Corporation by 7.2% in the first quarter. Tiedemann Wealth Management LLC now owns 12,300 shares of the oil and gas company’s stock worth $200,000 after buying an additional 825 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of Geospace Technologies Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 12,424 shares of the oil and gas company’s stock worth $202,000 after buying an additional 1,875 shares in the last quarter. Comerica Bank raised its stake in shares of Geospace Technologies Corporation by 4.1% in the first quarter. Comerica Bank now owns 14,803 shares of the oil and gas company’s stock worth $246,000 after buying an additional 581 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Geospace Technologies Corporation by 20.1% in the first quarter. Great West Life Assurance Co. Can now owns 19,112 shares of the oil and gas company’s stock worth $310,000 after buying an additional 3,197 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Shares of Geospace Technologies Corporation (NASDAQ GEOS) opened at 15.26 on Friday. The company’s 50-day moving average is $14.49 and its 200 day moving average is $15.82. Geospace Technologies Corporation has a 12 month low of $13.08 and a 12 month high of $24.37. The company’s market capitalization is $205.08 million.

Geospace Technologies Corporation (NASDAQ:GEOS) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($1.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by $0.71. Geospace Technologies Corporation had a negative return on equity of 21.79% and a negative net margin of 75.19%. The business had revenue of $14.20 million for the quarter. On average, equities research analysts anticipate that Geospace Technologies Corporation will post ($0.75) earnings per share for the current year.

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GEOS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Geospace Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. ValuEngine upgraded shares of Geospace Technologies Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd.

In other Geospace Technologies Corporation news, Director Richard F. Miles sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $15.68, for a total transaction of $47,040.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $31,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard F. Miles sold 5,450 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $15.30, for a total transaction of $83,385.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $30,600. The disclosure for this sale can be found here. Company insiders own 3.47% of the company’s stock.

About Geospace Technologies Corporation

Geospace Technologies Corporation designs and manufactures instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs. The Company also designs and manufactures non-seismic products, including industrial products, offshore cables and imaging equipment.

Institutional Ownership by Quarter for Geospace Technologies Corporation (NASDAQ:GEOS)

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