Insider Buying: Dawson Geophysical Co (DWSN) Director Acquires $24,500.00 in Stock
Dawson Geophysical Co (NASDAQ:DWSN) Director William J. Barrett acquired 5,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was acquired at an average price of $4.90 per share, for a total transaction of $24,500.00. Following the completion of the purchase, the director now owns 678,724 shares of the company’s stock, valued at approximately $3,325,747.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Dawson Geophysical Co (DWSN) traded down $0.06 during trading on Friday, hitting $4.67. 224,200 shares of the stock were exchanged, compared to its average volume of 74,781. Dawson Geophysical Co has a twelve month low of $3.70 and a twelve month high of $9.00. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.04.
Institutional investors have recently modified their holdings of the company. Menta Capital LLC increased its stake in shares of Dawson Geophysical by 12.5% during the second quarter. Menta Capital LLC now owns 49,244 shares of the oil and gas company’s stock worth $193,000 after acquiring an additional 5,473 shares during the period. LMR Partners LLP acquired a new position in shares of Dawson Geophysical during the second quarter worth about $199,000. GRT Capital Partners L.L.C. acquired a new position in shares of Dawson Geophysical during the second quarter worth about $203,000. Goldman Sachs Group Inc. increased its stake in shares of Dawson Geophysical by 261.5% during the second quarter. Goldman Sachs Group Inc. now owns 52,217 shares of the oil and gas company’s stock worth $205,000 after acquiring an additional 37,771 shares during the period. Finally, Moors & Cabot Inc. increased its stake in shares of Dawson Geophysical by 10.5% during the second quarter. Moors & Cabot Inc. now owns 81,442 shares of the oil and gas company’s stock worth $323,000 after acquiring an additional 7,750 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th.
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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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