Geospace Technologies Co. (NASDAQ:GEOS) Stake Decreased by Tieton Capital Management LLC

Tieton Capital Management LLC trimmed its position in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 720,892 shares of the oil and gas company’s stock after selling 2,415 shares during the quarter. Geospace Technologies makes up 3.9% of Tieton Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Tieton Capital Management LLC owned 5.58% of Geospace Technologies worth $7,454,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GEOS. O Shaughnessy Asset Management LLC boosted its position in Geospace Technologies by 69.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 69,558 shares of the oil and gas company’s stock worth $917,000 after purchasing an additional 28,539 shares in the last quarter. Grace & White Inc. NY raised its holdings in shares of Geospace Technologies by 215.6% in the second quarter. Grace & White Inc. NY now owns 187,344 shares of the oil and gas company’s stock worth $1,682,000 after acquiring an additional 127,974 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Geospace Technologies in the second quarter worth $314,000. Rhumbline Advisers raised its holdings in shares of Geospace Technologies by 2,370.7% in the second quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company’s stock worth $133,000 after acquiring an additional 14,224 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in Geospace Technologies by 18.1% in the second quarter. Acadian Asset Management LLC now owns 226,366 shares of the oil and gas company’s stock valued at $2,027,000 after purchasing an additional 34,762 shares during the last quarter. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Geospace Technologies Trading Down 17.3 %

Geospace Technologies stock opened at $11.27 on Friday. The stock has a fifty day moving average price of $11.32 and a 200 day moving average price of $10.24. Geospace Technologies Co. has a 52 week low of $8.09 and a 52 week high of $17.09. The firm has a market capitalization of $145.50 million, a P/E ratio of -20.87 and a beta of 0.62.

Analyst Ratings Changes

Separately, StockNews.com upgraded Geospace Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday.

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.