Diversified Investment Strategies LLC lowered its position in Geospace Technologies Corporation (NASDAQ:GEOS) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,600 shares of the oil and gas company’s stock after selling 400 shares during the period. Geospace Technologies Corporation accounts for about 0.4% of Diversified Investment Strategies LLC’s holdings, making the stock its 29th largest position. Diversified Investment Strategies LLC owned 0.22% of Geospace Technologies Corporation worth $409,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Schwab Charles Investment Management Inc. increased its stake in shares of Geospace Technologies Corporation by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 49,701 shares of the oil and gas company’s stock worth $688,000 after buying an additional 304 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Geospace Technologies Corporation by 0.7% in the first quarter. Nationwide Fund Advisors now owns 71,995 shares of the oil and gas company’s stock worth $1,168,000 after buying an additional 466 shares during the last quarter. Comerica Bank increased its stake in shares of Geospace Technologies Corporation by 4.1% in the first quarter. Comerica Bank now owns 14,803 shares of the oil and gas company’s stock worth $246,000 after buying an additional 581 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Geospace Technologies Corporation by 2.4% in the second quarter. Rhumbline Advisers now owns 26,443 shares of the oil and gas company’s stock worth $366,000 after buying an additional 630 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Geospace Technologies Corporation by 0.3% in the first quarter. Ameriprise Financial Inc. now owns 232,245 shares of the oil and gas company’s stock worth $3,768,000 after buying an additional 697 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Geospace Technologies Corporation (NASDAQ GEOS) traded down 2.14% during trading on Wednesday, reaching $15.11. The company’s stock had a trading volume of 3,019 shares. Geospace Technologies Corporation has a 1-year low of $13.08 and a 1-year high of $24.37. The company’s market capitalization is $203.06 million. The company’s 50-day moving average is $14.71 and its 200-day moving average is $15.54.

Geospace Technologies Corporation (NASDAQ:GEOS) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($1.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by $0.71. Geospace Technologies Corporation had a negative net margin of 75.19% and a negative return on equity of 21.79%. The firm had revenue of $14.20 million for the quarter. Equities analysts anticipate that Geospace Technologies Corporation will post ($0.75) EPS for the current year.

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Separately, ValuEngine raised Geospace Technologies Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd.

In other news, Director Richard F. Miles sold 5,450 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $15.30, for a total value of $83,385.00. Following the sale, the director now directly owns 2,000 shares in the company, valued at approximately $30,600. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard F. Miles sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $15.68, for a total value of $47,040.00. Following the completion of the sale, the director now owns 2,000 shares in the company, valued at $31,360. The disclosure for this sale can be found here. Insiders own 3.47% of the company’s stock.

About Geospace Technologies Corporation

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.

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

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