Bank of New York Mellon Corp trimmed its position in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 66.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,129 shares of the oil and gas company’s stock after selling 447,157 shares during the quarter. Bank of New York Mellon Corp owned 1.69% of Geospace Technologies worth $4,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smith Asset Management Group LP bought a new position in shares of Geospace Technologies during the 3rd quarter valued at $187,000. The Manufacturers Life Insurance Company raised its holdings in Geospace Technologies by 20.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,658 shares of the oil and gas company’s stock worth $175,000 after purchasing an additional 2,142 shares during the period. State Street Corp raised its holdings in Geospace Technologies by 3.7% in the 2nd quarter. State Street Corp now owns 302,110 shares of the oil and gas company’s stock worth $4,180,000 after purchasing an additional 10,773 shares during the period. Brandywine Global Investment Management LLC raised its holdings in Geospace Technologies by 63.2% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 205,163 shares of the oil and gas company’s stock worth $2,838,000 after purchasing an additional 79,482 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Geospace Technologies by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 400,276 shares of the oil and gas company’s stock worth $5,536,000 after purchasing an additional 42,335 shares during the period. 76.54% of the stock is currently owned by hedge funds and other institutional investors.

Geospace Technologies Co. (GEOS) opened at $13.67 on Thursday. Geospace Technologies Co. has a twelve month low of $12.09 and a twelve month high of $24.37. The company has a market capitalization of $181.49, a price-to-earnings ratio of -3.16 and a beta of 1.26.

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Geospace Technologies Profile

Geospace Technologies Corporation designs and manufactures instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs. The Company also designs and manufactures non-seismic products, including industrial products, offshore cables and imaging equipment.

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Institutional Ownership by Quarter for Geospace Technologies (NASDAQ:GEOS)

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