907,265 Shares in Geospace Technologies Corporation $GEOS Acquired by Tieton Capital Management LLC

Tieton Capital Management LLC purchased a new stake in shares of Geospace Technologies Corporation (NASDAQ:GEOS) in the second quarter, Holdings Channel.com reports. The fund purchased 907,265 shares of the oil and gas company’s stock, valued at approximately $6,142,000. Geospace Technologies accounts for approximately 1.8% of Tieton Capital Management LLC’s portfolio, making the stock its 26th largest holding. Tieton Capital Management LLC owned approximately 0.07% of Geospace Technologies at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Geospace Technologies in the second quarter worth $51,000. BNP Paribas Financial Markets raised its position in Geospace Technologies by 670.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,453 shares of the oil and gas company’s stock worth $65,000 after purchasing an additional 3,005 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Geospace Technologies in the 4th quarter worth approximately $67,000. GSA Capital Partners LLP bought a new position in Geospace Technologies in the 2nd quarter valued at $105,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Geospace Technologies in the 4th quarter valued at $176,000. Institutional investors own 57.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Geospace Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded Geospace Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Geospace Technologies Stock Performance

GEOS opened at $5.53 on Thursday. The company has a fifty day moving average price of $6.75 and a two-hundred day moving average price of $8.89. Geospace Technologies Corporation has a 52 week low of $5.05 and a 52 week high of $29.89. The firm has a market capitalization of $71.56 million, a PE ratio of -1.80 and a beta of 0.19.

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

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.