Mariner LLC Purchases Shares of 12,711 Geospace Technologies Co. (NASDAQ:GEOS)

Mariner LLC acquired a new position in shares of Geospace Technologies Co. (NASDAQ:GEOS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,711 shares of the oil and gas company’s stock, valued at approximately $127,000.

Several other hedge funds also recently modified their holdings of the stock. Barclays PLC boosted its position in Geospace Technologies by 10.2% during the fourth quarter. Barclays PLC now owns 18,318 shares of the oil and gas company’s stock valued at $184,000 after purchasing an additional 1,696 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Geospace Technologies by 24.4% in the 4th quarter. LSV Asset Management now owns 18,043 shares of the oil and gas company’s stock valued at $181,000 after buying an additional 3,543 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Geospace Technologies by 10.4% in the fourth quarter. Wells Fargo & Company MN now owns 14,646 shares of the oil and gas company’s stock valued at $147,000 after buying an additional 1,380 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Geospace Technologies by 148.9% during the fourth quarter. JPMorgan Chase & Co. now owns 13,577 shares of the oil and gas company’s stock worth $136,000 after buying an additional 8,123 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Geospace Technologies by 7.7% during the fourth quarter. Prudential Financial Inc. now owns 19,625 shares of the oil and gas company’s stock worth $197,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors own 57.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Geospace Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday.

Geospace Technologies Stock Up 2.3 %

NASDAQ:GEOS opened at $6.66 on Friday. Geospace Technologies Co. has a 12-month low of $5.77 and a 12-month high of $13.79. The firm has a market capitalization of $85.09 million, a price-to-earnings ratio of -8.02 and a beta of 0.28. The stock’s 50 day moving average price is $6.80 and its two-hundred day moving average price is $9.10.

Geospace Technologies (NASDAQ:GEOS) last posted its quarterly earnings results on Thursday, May 8th. The oil and gas company reported ($0.77) earnings per share for the quarter. Geospace Technologies had a negative net margin of 8.86% and a positive return on equity of 4.61%.

Geospace Technologies 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 through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets.