Robotti Robert Buys New Position in Geospace Technologies Corporation $GEOS

Robotti Robert purchased a new position in shares of Geospace Technologies Corporation (NASDAQ:GEOS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 128,436 shares of the oil and gas company’s stock, valued at approximately $870,000. Robotti Robert owned approximately 0.99% of Geospace Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Geospace Technologies in the second quarter valued at $51,000. BNP Paribas Financial Markets increased its stake in Geospace Technologies by 670.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,453 shares of the oil and gas company’s stock worth $65,000 after buying an additional 3,005 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Geospace Technologies during the fourth quarter valued at about $67,000. GSA Capital Partners LLP purchased a new stake in shares of Geospace Technologies during the second quarter worth about $105,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Geospace Technologies during the fourth quarter worth about $176,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

Geospace Technologies Stock Performance

GEOS opened at $5.95 on Wednesday. The company has a 50-day moving average of $6.78 and a 200-day moving average of $8.97. The company has a market capitalization of $76.99 million, a P/E ratio of -1.93 and a beta of 0.19. Geospace Technologies Corporation has a 1-year low of $5.05 and a 1-year high of $29.89.

Geospace Technologies (NASDAQ:GEOS) last issued its quarterly earnings results on Friday, August 7th. The oil and gas company reported ($0.75) EPS for the quarter. The company had revenue of $15.80 million for the quarter. Geospace Technologies had a negative return on equity of 35.80% and a negative net margin of 43.10%.

Analyst Ratings Changes

A number of brokerages recently commented on GEOS. Weiss Ratings raised Geospace Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 16th. Wall Street Zen lowered Geospace Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

About Geospace Technologies

Geospace Technologies Corporation specializes in the design, manufacturing and marketing of geophysical instrumentation for seismic data acquisition. The company’s solutions address the needs of oil and gas exploration and production companies by enabling detailed subsurface imaging through advanced sensor and acquisition systems. Geospace serves both land and marine seismic markets, offering equipment that meets the rigorous demands of contemporary seismic surveys.

In its Land Products segment, Geospace Technologies offers a range of components including geophones, accelerometers, cable and recorder accessories designed to collect high-quality seismic signals in onshore environments.