Virginia Retirement Systems ET AL acquired a new stake in shares of Geospace Technologies Corp. (NASDAQ:GEOS) during the second quarter, according to its most recent filing with the SEC. The institutional investor acquired 15,400 shares of the company’s stock, valued at approximately $252,000. Virginia Retirement Systems ET AL owned 0.12% of Geospace Technologies Corp. as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the stock. Brandes Investment Partners LP purchased a new position in shares of Geospace Technologies Corp. during the second quarter valued at approximately $269,000. New York State Teachers Retirement System increased its position in shares of Geospace Technologies Corp. by 0.6% in the second quarter. New York State Teachers Retirement System now owns 16,952 shares of the company’s stock worth $278,000 after buying an additional 100 shares during the period. Capital One National Association bought a new position in shares of Geospace Technologies Corp. during the second quarter worth $349,000. Prudential Financial Inc. increased its position in shares of Geospace Technologies Corp. by 3.3% in the first quarter. Prudential Financial Inc. now owns 31,282 shares of the company’s stock worth $386,000 after buying an additional 1,000 shares during the period. Finally, Perkins Capital Management Inc. increased its position in shares of Geospace Technologies Corp. by 11.0% in the second quarter. Perkins Capital Management Inc. now owns 30,150 shares of the company’s stock worth $494,000 after buying an additional 3,000 shares during the period. 89.11% of the stock is owned by hedge funds and other institutional investors.
Geospace Technologies Corp. (NASDAQ:GEOS) opened at 19.48 on Tuesday. The company’s market cap is $259.63 million. Geospace Technologies Corp. has a 12 month low of $7.62 and a 12 month high of $20.62. The company’s 50-day moving average is $18.31 and its 200-day moving average is $16.78.
Geospace Technologies Corp. (NASDAQ:GEOS) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.57) by $0.32. Geospace Technologies Corp. had a negative net margin of 76.29% and a negative return on equity of 16.59%. The business earned $17.70 million during the quarter, compared to the consensus estimate of $15.05 million. During the same quarter in the prior year, the firm posted ($0.66) EPS. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. On average, equities research analysts expect that Geospace Technologies Corp. will post ($2.41) EPS for the current fiscal year.
About Geospace Technologies Corp.
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 in two segments: Seismic and Non-Seismic. Its seismic product lines consist of land and marine nodal data acquisition systems, permanent land and seabed reservoir monitoring products and services, geophones and geophone strings, hydrophones, leader wire, connectors, telemetry cables, marine streamer retrieval and steering devices, and various other products.
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