55,189 Shares in Geospace Technologies Co. (NASDAQ:GEOS) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of Geospace Technologies Co. (NASDAQ:GEOS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 55,189 shares of the oil and gas company’s stock, valued at approximately $728,000. Assenagon Asset Management S.A. owned 0.41% of Geospace Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of GEOS. G2 Investment Partners Management LLC purchased a new position in shares of Geospace Technologies during the fourth quarter worth approximately $5,297,000. Gate City Capital Management LLC bought a new position in shares of Geospace Technologies during the fourth quarter valued at approximately $4,270,000. Glenorchy Capital Ltd bought a new position in shares of Geospace Technologies during the fourth quarter valued at approximately $2,140,000. Hillsdale Investment Management Inc. boosted its stake in shares of Geospace Technologies by 1,067.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 162,242 shares of the oil and gas company’s stock valued at $2,103,000 after purchasing an additional 148,342 shares in the last quarter. Finally, EAM Investors LLC bought a new position in shares of Geospace Technologies during the third quarter valued at approximately $1,769,000. 57.15% of the stock is owned by hedge funds and other institutional investors.

Geospace Technologies Stock Performance

GEOS traded down $0.10 during trading on Wednesday, hitting $9.92. The stock had a trading volume of 74,846 shares, compared to its average volume of 96,617. The company has a market capitalization of $132.53 million, a PE ratio of 8.42 and a beta of 0.80. Geospace Technologies Co. has a twelve month low of $6.60 and a twelve month high of $17.09. The stock has a 50 day simple moving average of $12.49 and a two-hundred day simple moving average of $12.76.

Geospace Technologies (NASDAQ:GEOS) last posted its quarterly earnings data on Thursday, May 9th. The oil and gas company reported ($0.32) EPS for the quarter. Geospace Technologies had a return on equity of 11.65% and a net margin of 11.75%. The company had revenue of $24.27 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Geospace Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 10th.

About Geospace Technologies

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.