Geospace Technologies Co. (NASDAQ:GEOS) EVP Sells $87,480.00 in Stock

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Geospace Technologies Co. (NASDAQ:GEOS) EVP Robbin B. Adams sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $14.58, for a total transaction of $87,480.00.

GEOS opened at $15.60 on Friday. The firm’s fifty day moving average is $14.74 and its two-hundred day moving average is $14.27. Geospace Technologies Co. has a twelve month low of $9.93 and a twelve month high of $16.92.

Several hedge funds have recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN increased its position in shares of Geospace Technologies by 0.4% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 905,777 shares of the oil and gas company’s stock valued at $13,922,000 after buying an additional 3,360 shares in the last quarter. State Street Corp raised its position in shares of Geospace Technologies by 13.7% during the third quarter. State Street Corp now owns 334,126 shares of the oil and gas company’s stock worth $5,136,000 after purchasing an additional 40,299 shares during the period. California Public Employees Retirement System raised its position in shares of Geospace Technologies by 5.8% during the third quarter. California Public Employees Retirement System now owns 111,900 shares of the oil and gas company’s stock worth $1,720,000 after purchasing an additional 6,100 shares during the period. Rhumbline Advisers raised its position in shares of Geospace Technologies by 10.8% during the third quarter. Rhumbline Advisers now owns 36,266 shares of the oil and gas company’s stock worth $557,000 after purchasing an additional 3,544 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Geospace Technologies by 126.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 10,487 shares of the oil and gas company’s stock valued at $161,000 after purchasing an additional 5,846 shares in the last quarter. 67.96% of the stock is owned by institutional investors.

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.

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