Boothbay Fund Management LLC Sells 23,176 Shares of Geospace Technologies Co. (NASDAQ:GEOS)

Boothbay Fund Management LLC cut its holdings in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 36.1% during the 4th quarter, Holdings Channel reports. The firm owned 41,048 shares of the oil and gas company’s stock after selling 23,176 shares during the period. Boothbay Fund Management LLC’s holdings in Geospace Technologies were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in GEOS. First Eagle Investment Management LLC increased its holdings in shares of Geospace Technologies by 1,200.2% during the fourth quarter. First Eagle Investment Management LLC now owns 283,321 shares of the oil and gas company’s stock worth $2,839,000 after purchasing an additional 261,530 shares during the period. Peapod Lane Capital LLC bought a new position in shares of Geospace Technologies during the fourth quarter worth approximately $2,542,000. Tieton Capital Management LLC increased its holdings in shares of Geospace Technologies by 22.5% during the fourth quarter. Tieton Capital Management LLC now owns 882,797 shares of the oil and gas company’s stock worth $8,846,000 after purchasing an additional 161,905 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Geospace Technologies by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 649,933 shares of the oil and gas company’s stock worth $6,512,000 after purchasing an additional 22,584 shares during the period. Finally, State Street Corp increased its holdings in shares of Geospace Technologies by 12.4% during the third quarter. State Street Corp now owns 167,497 shares of the oil and gas company’s stock worth $1,732,000 after purchasing an additional 18,469 shares during the period. 57.15% of the stock is owned by institutional investors.

Geospace Technologies Trading Up 1.7 %

NASDAQ GEOS opened at $6.55 on Friday. The firm has a market capitalization of $83.69 million, a price-to-earnings ratio of -7.89 and a beta of 0.20. The firm’s 50 day simple moving average is $6.94 and its 200 day simple moving average is $9.25. Geospace Technologies Co. has a 1 year low of $5.77 and a 1 year high of $14.15.

Geospace Technologies (NASDAQ:GEOS) last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Geospace Technologies had a negative net margin of 8.86% and a positive return on equity of 4.61%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Geospace Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, April 15th.

Geospace Technologies Profile

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets.