Dimensional Fund Advisors LP boosted its stake in Geospace Technologies Co. (NASDAQ:GEOS) by 1.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 728,057 shares of the oil and gas company’s stock after acquiring an additional 7,084 shares during the period. Dimensional Fund Advisors LP owned approximately 0.05% of Geospace Technologies worth $7,506,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of Geospace Technologies by 4.0% during the third quarter. Bank of New York Mellon Corp now owns 112,108 shares of the oil and gas company’s stock valued at $1,536,000 after acquiring an additional 4,286 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Geospace Technologies by 33.0% during the third quarter. Vanguard Group Inc. now owns 796,974 shares of the oil and gas company’s stock valued at $10,918,000 after acquiring an additional 197,524 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Geospace Technologies by 6.2% during the fourth quarter. Arizona State Retirement System now owns 20,945 shares of the oil and gas company’s stock valued at $216,000 after acquiring an additional 1,221 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Geospace Technologies by 4.7% during the fourth quarter. Rhumbline Advisers now owns 20,723 shares of the oil and gas company’s stock valued at $214,000 after acquiring an additional 934 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Geospace Technologies during the fourth quarter valued at $53,000. 62.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:GEOS opened at $12.84 on Friday. Geospace Technologies Co. has a 1-year low of $9.93 and a 1-year high of $16.92.
Geospace Technologies (NASDAQ:GEOS) last issued its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.05 earnings per share for the quarter. Geospace Technologies had a negative return on equity of 5.81% and a negative net margin of 11.82%. The firm had revenue of $26.12 million during the quarter.
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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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