Dawson Geophysical Co. (NASDAQ:DWSN) Director Allen T. Mcinnes sold 3,990 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $7.02, for a total value of $28,009.80. Following the completion of the transaction, the director now owns 351,111 shares of the company’s stock, valued at $2,464,799.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Dawson Geophysical Co. (NASDAQ:DWSN) opened at 7.10 on Tuesday. Dawson Geophysical Co. has a 12-month low of $2.90 and a 12-month high of $8.87. The company’s 50-day moving average price is $7.31 and its 200 day moving average price is $6.43. The firm’s market capitalization is $153.52 million.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Beddow Capital Management Inc. bought a new position in Dawson Geophysical during the first quarter valued at approximately $10,268,000. BlackRock Fund Advisors boosted its position in Dawson Geophysical by 888.0% in the second quarter. BlackRock Fund Advisors now owns 522,347 shares of the company’s stock valued at $4,257,000 after buying an additional 469,476 shares during the last quarter. Van Den Berg Management I Inc. boosted its position in Dawson Geophysical by 68.9% in the second quarter. Van Den Berg Management I Inc. now owns 782,856 shares of the company’s stock valued at $6,380,000 after buying an additional 319,260 shares during the last quarter. State Street Corp boosted its position in Dawson Geophysical by 1,149.9% in the second quarter. State Street Corp now owns 215,050 shares of the company’s stock valued at $1,753,000 after buying an additional 197,844 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Dawson Geophysical during the second quarter valued at approximately $1,281,000. 69.77% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on DWSN. Zacks Investment Research upgraded Dawson Geophysical from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Wednesday, July 20th. Raymond James Financial Inc. cut Dawson Geophysical from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 25th.

About Dawson Geophysical

Dawson Geophysical Company, formerly TGC Industries, Inc, is a provider of onshore seismic data acquisition and processing services with operations throughout the United States and Canada. The Company acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data for its clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries.

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