Hillsdale Investment Management Inc. Has $2.30 Million Stock Position in Geospace Technologies Co. (NASDAQ:GEOS)

Hillsdale Investment Management Inc. grew its stake in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 7.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 174,142 shares of the oil and gas company’s stock after buying an additional 11,900 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Geospace Technologies were worth $2,297,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GEOS. Trexquant Investment LP acquired a new position in shares of Geospace Technologies during the fourth quarter valued at about $153,000. Citigroup Inc. acquired a new position in shares of Geospace Technologies during the third quarter valued at about $153,000. Quadrature Capital Ltd acquired a new position in shares of Geospace Technologies during the fourth quarter valued at about $168,000. LSV Asset Management acquired a new stake in shares of Geospace Technologies in the 1st quarter worth about $191,000. Finally, Jump Financial LLC acquired a new stake in shares of Geospace Technologies in the 4th quarter worth about $213,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

Geospace Technologies Trading Up 1.7 %

Shares of GEOS traded up $0.15 on Monday, reaching $9.19. The company’s stock had a trading volume of 48,694 shares, compared to its average volume of 104,511. Geospace Technologies Co. has a twelve month low of $7.27 and a twelve month high of $17.09. The stock has a market capitalization of $122.78 million, a PE ratio of 7.72 and a beta of 0.67. The firm has a fifty day moving average of $9.58 and a 200-day moving average of $11.95.

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

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Geospace Technologies from a “strong-buy” rating to a “hold” rating in a report 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.