Barclays PLC Acquires 12,227 Shares of Geospace Technologies Co. (NASDAQ:GEOS)

Barclays PLC boosted its holdings in Geospace Technologies Co. (NASDAQ:GEOS) by 278.2% during the third quarter, Holdings Channel reports. The fund owned 16,622 shares of the oil and gas company’s stock after purchasing an additional 12,227 shares during the period. Barclays PLC’s holdings in Geospace Technologies were worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its stake in shares of Geospace Technologies by 18.1% during the 2nd quarter. Acadian Asset Management LLC now owns 226,366 shares of the oil and gas company’s stock worth $2,027,000 after buying an additional 34,762 shares during the last quarter. Grace & White Inc. NY lifted its position in Geospace Technologies by 15.3% during the third quarter. Grace & White Inc. NY now owns 216,096 shares of the oil and gas company’s stock worth $2,234,000 after acquiring an additional 28,752 shares during the last quarter. Glenorchy Capital Ltd boosted its holdings in shares of Geospace Technologies by 2.7% during the third quarter. Glenorchy Capital Ltd now owns 186,217 shares of the oil and gas company’s stock worth $1,925,000 after acquiring an additional 4,824 shares during the period. State Street Corp grew its position in shares of Geospace Technologies by 12.4% in the third quarter. State Street Corp now owns 167,497 shares of the oil and gas company’s stock valued at $1,732,000 after purchasing an additional 18,469 shares during the last quarter. Finally, De Lisle Partners LLP increased its stake in shares of Geospace Technologies by 4.7% during the third quarter. De Lisle Partners LLP now owns 144,234 shares of the oil and gas company’s stock worth $1,496,000 after purchasing an additional 6,486 shares during the period. Institutional investors and hedge funds own 57.15% of the company’s stock.

Geospace Technologies Stock Performance

NASDAQ:GEOS opened at $9.97 on Wednesday. Geospace Technologies Co. has a 52 week low of $8.09 and a 52 week high of $17.09. The firm’s 50-day simple moving average is $11.17 and its 200 day simple moving average is $10.27. The firm has a market cap of $127.81 million, a price-to-earnings ratio of -18.46 and a beta of 0.60.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Geospace Technologies from a “sell” rating to a “hold” rating in a report on Thursday, November 28th.

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.