Ancora Advisors LLC grew its stake in shares of Mitcham Industries (NASDAQ:MIND) by 877.1% during the 1st quarter, HoldingsChannel reports. The firm owned 161,732 shares of the company’s stock after acquiring an additional 145,179 shares during the period. Ancora Advisors LLC’s holdings in Mitcham Industries were worth $524,000 at the end of the most recent reporting period.
Separately, Teton Advisors Inc. boosted its position in shares of Mitcham Industries by 713.7% during the 1st quarter. Teton Advisors Inc. now owns 114,069 shares of the company’s stock worth $370,000 after purchasing an additional 100,050 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.
Separately, ValuEngine upgraded shares of Mitcham Industries from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 11th.
Shares of Mitcham Industries opened at $4.18 on Tuesday, according to MarketBeat Ratings. Mitcham Industries has a one year low of $2.82 and a one year high of $4.57.
Mitcham Industries (NASDAQ:MIND) last issued its earnings results on Wednesday, June 6th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.12). The company had revenue of $7.61 million for the quarter. Mitcham Industries had a negative return on equity of 36.65% and a negative net margin of 64.90%.
Mitcham Industries Profile
Mitcham Industries, Inc, through its subsidiaries, leases, sells, and services equipment to the geophysical, oceanographic, hydrographic, and defense industries worldwide. The company operates in two segments, Equipment Leasing, and Equipment Manufacturing and Sales. The Equipment Leasing segment leases seismic equipment for short-term primarily to seismic data acquisition contractors and oil field service providers.
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