Geospace Technologies Co. (NASDAQ:GEOS) insider Robbin B. Adams sold 3,800 shares of Geospace Technologies stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $15.00, for a total transaction of $57,000.00. Following the transaction, the insider now directly owns 36,550 shares in the company, valued at $548,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
GEOS stock traded down $0.83 during trading on Friday, reaching $14.69. 57,078 shares of the stock were exchanged, compared to its average volume of 70,946. Geospace Technologies Co. has a 1 year low of $9.18 and a 1 year high of $15.93.
Geospace Technologies (NASDAQ:GEOS) last issued its earnings results on Friday, November 16th. The oil and gas company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.25. Geospace Technologies had a negative net margin of 25.36% and a negative return on equity of 10.64%. The company had revenue of $20.59 million for the quarter.
A number of equities analysts have commented on the stock. TheStreet raised shares of Geospace Technologies from a “d” rating to a “c-” rating in a research note on Thursday, November 15th. ValuEngine raised shares of Geospace Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st.
Hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its stake in Geospace Technologies by 415.3% during the second quarter. Bank of America Corp DE now owns 13,578 shares of the oil and gas company’s stock worth $191,000 after purchasing an additional 10,943 shares during the period. Laurion Capital Management LP purchased a new position in Geospace Technologies during the second quarter worth about $240,000. Highland Capital Management LP purchased a new stake in shares of Geospace Technologies in the 3rd quarter valued at approximately $274,000. Ironwood Investment Management LLC purchased a new stake in shares of Geospace Technologies in the 3rd quarter valued at approximately $307,000. Finally, Dupont Capital Management Corp purchased a new stake in shares of Geospace Technologies in the 2nd quarter valued at approximately $390,000. 62.85% of the stock is currently owned by institutional investors.
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Geospace Technologies Company 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.
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