Y Intercept Hong Kong Ltd Invests $63,000 in Genasys Inc. (NASDAQ:GNSS)

Y Intercept Hong Kong Ltd purchased a new stake in Genasys Inc. (NASDAQ:GNSS) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 24,346 shares of the company’s stock, valued at approximately $63,000. Y Intercept Hong Kong Ltd owned 0.05% of Genasys as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Barclays PLC acquired a new position in Genasys in the third quarter valued at approximately $70,000. Geode Capital Management LLC lifted its holdings in shares of Genasys by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 483,882 shares of the company’s stock worth $1,724,000 after purchasing an additional 48,843 shares during the last quarter. FNY Investment Advisers LLC boosted its position in Genasys by 251.1% during the 4th quarter. FNY Investment Advisers LLC now owns 272,200 shares of the company’s stock valued at $707,000 after purchasing an additional 194,669 shares during the period. Evernest Financial Advisors LLC bought a new position in Genasys during the 4th quarter worth $49,000. Finally, Intergy Private Wealth LLC acquired a new stake in Genasys in the fourth quarter worth $68,000. Institutional investors own 40.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets boosted their price target on shares of Genasys from $4.75 to $5.50 and gave the company a “buy” rating in a report on Monday, December 16th.

Genasys Stock Performance

GNSS opened at $2.45 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.97 and a debt-to-equity ratio of 0.91. The business’s 50 day moving average is $2.94 and its 200-day moving average is $3.26. The stock has a market cap of $110.09 million, a PE ratio of -3.71 and a beta of 0.54. Genasys Inc. has a twelve month low of $1.65 and a twelve month high of $4.04.

Genasys (NASDAQ:GNSS) last announced its earnings results on Tuesday, February 11th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.07. Genasys had a negative return on equity of 122.99% and a negative net margin of 109.39%. On average, analysts predict that Genasys Inc. will post -0.23 earnings per share for the current year.

Insider Activity

In related news, Director William H. Dodd acquired 16,327 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $2.65 per share, for a total transaction of $43,266.55. Following the completion of the acquisition, the director now directly owns 59,159 shares of the company’s stock, valued at approximately $156,771.35. The trade was a 38.12 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 7.40% of the company’s stock.

Genasys Profile

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.