165,150 Shares in Geospace Technologies Co. (NASDAQ:GEOS) Acquired by Glenorchy Capital Ltd

Glenorchy Capital Ltd bought a new position in shares of Geospace Technologies Co. (NASDAQ:GEOS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 165,150 shares of the oil and gas company’s stock, valued at approximately $2,140,000. Geospace Technologies comprises 0.8% of Glenorchy Capital Ltd’s portfolio, making the stock its 17th biggest holding. Glenorchy Capital Ltd owned approximately 1.24% of Geospace Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Mraz Amerine & Associates Inc. boosted its position in Geospace Technologies by 8.4% during the third quarter. Mraz Amerine & Associates Inc. now owns 25,931 shares of the oil and gas company’s stock worth $336,000 after acquiring an additional 2,000 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of Geospace Technologies by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 738,475 shares of the oil and gas company’s stock valued at $9,563,000 after purchasing an additional 2,700 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Geospace Technologies by 12.0% in the 3rd quarter. Victory Capital Management Inc. now owns 33,410 shares of the oil and gas company’s stock valued at $433,000 after purchasing an additional 3,570 shares during the last quarter. Barclays PLC acquired a new position in shares of Geospace Technologies in the 3rd quarter valued at $109,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Geospace Technologies in the 3rd quarter valued at $133,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

Insider Activity

In other news, SVP Robbin B. Adams sold 2,078 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $12.29, for a total value of $25,538.62. Following the transaction, the senior vice president now owns 79,739 shares of the company’s stock, valued at approximately $979,992.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 4,240 shares of company stock valued at $52,124. Company insiders own 6.89% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Geospace Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th.

Geospace Technologies Trading Up 2.3 %

Shares of GEOS traded up $0.28 during mid-day trading on Tuesday, reaching $12.53. The company had a trading volume of 49,144 shares, compared to its average volume of 97,534. The firm has a fifty day simple moving average of $12.76 and a 200-day simple moving average of $12.87. Geospace Technologies Co. has a fifty-two week low of $6.60 and a fifty-two week high of $17.09. The stock has a market cap of $166.90 million, a price-to-earnings ratio of 6.74 and a beta of 0.78.

Geospace Technologies (NASDAQ:GEOS) last issued its earnings results on Wednesday, February 7th. The oil and gas company reported $0.94 EPS for the quarter. Geospace Technologies had a net margin of 17.42% and a return on equity of 18.73%. The business had revenue of $50.03 million for the quarter.

Geospace Technologies Profile

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.