The Geospace Technologies Corp. (GEOS) Stake Lowered by Cooke & Bieler LP

The Geospace Technologies Corp. (GEOS) Stake Lowered by Cooke & Bieler LP

Cooke & Bieler LP decreased its position in Geospace Technologies Corp. (NASDAQ:GEOS) by 31.4% during the second quarter, Holdings Channel reports. The institutional investor owned 127,476 shares of the company’s stock after selling 58,400 shares during the period. Cooke & Bieler LP’s holdings in Geospace Technologies Corp. were worth $2,087,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GEOS. Capital One National Association bought a new stake in Geospace Technologies Corp. during the second quarter worth $349,000. Geode Capital Management LLC raised its stake in Geospace Technologies Corp. by 15.0% in the first quarter. Geode Capital Management LLC now owns 98,827 shares of the company’s stock worth $1,219,000 after buying an additional 12,921 shares in the last quarter. Mraz Amerine & Associates Inc. raised its stake in Geospace Technologies Corp. by 39.5% in the second quarter. Mraz Amerine & Associates Inc. now owns 32,595 shares of the company’s stock worth $534,000 after buying an additional 9,230 shares in the last quarter. Perkins Capital Management Inc. raised its stake in 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 in the last quarter. Finally, Prudential Financial Inc. raised its stake in 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 in the last quarter. 89.11% of the stock is currently owned by institutional investors and hedge funds.

Geospace Technologies Corp. (NASDAQ:GEOS) traded down 1.13% during mid-day trading on Friday, hitting $17.53. The stock had a trading volume of 29,336 shares. Geospace Technologies Corp. has a one year low of $7.62 and a one year high of $20.62. The company’s market cap is $233.64 million. The company has a 50 day moving average price of $18.36 and a 200-day moving average price of $16.81.

Geospace Technologies Corp. (NASDAQ:GEOS) last announced its earnings results on Thursday, August 4th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.57) by $0.32. Geospace Technologies Corp. had a negative return on equity of 16.59% and a negative net margin of 76.29%. The firm had revenue of $17.70 million for the quarter, compared to analyst estimates of $15.05 million. During the same quarter last year, the business posted ($0.66) EPS. The firm’s revenue was down 10.2% compared to the same quarter last year. Equities analysts expect that Geospace Technologies Corp. will post ($2.41) earnings per share for the current fiscal year.

Geospace Technologies Corp. Company Profile

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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