WINTON GROUP Ltd Makes New $113,000 Investment in Geospace Technologies Co. (NASDAQ:GEOS)

WINTON GROUP Ltd purchased a new position in Geospace Technologies Co. (NASDAQ:GEOS) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 12,588 shares of the oil and gas company’s stock, valued at approximately $113,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of Geospace Technologies by 34.8% in the fourth quarter. Victory Capital Management Inc. now owns 45,020 shares of the oil and gas company’s stock valued at $583,000 after purchasing an additional 11,610 shares in the last quarter. Jump Financial LLC bought a new position in shares of Geospace Technologies in the fourth quarter valued at approximately $213,000. Trexquant Investment LP bought a new position in shares of Geospace Technologies in the fourth quarter valued at approximately $153,000. Gate City Capital Management LLC bought a new position in shares of Geospace Technologies in the fourth quarter valued at approximately $4,270,000. Finally, G2 Investment Partners Management LLC bought a new position in shares of Geospace Technologies in the fourth quarter valued at approximately $5,297,000. Institutional investors own 57.15% of the company’s stock.

Geospace Technologies Trading Down 1.0 %

Shares of GEOS opened at $10.28 on Thursday. The company has a market capitalization of $132.71 million, a price-to-earnings ratio of 8.64 and a beta of 0.63. The stock has a 50 day moving average of $9.52 and a 200 day moving average of $10.70. Geospace Technologies Co. has a 12 month low of $8.09 and a 12 month high of $17.09.

Geospace Technologies (NASDAQ:GEOS) last issued its quarterly earnings results on Thursday, August 8th. The oil and gas company reported ($0.16) EPS for the quarter. The business had revenue of $25.86 million for the quarter. Geospace Technologies had a net margin of 8.28% and a return on equity of 7.68%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Geospace Technologies from a “hold” rating to a “sell” rating in a report on Saturday, September 7th.

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.