Bank of New York Mellon Corp Acquires Shares of 57,675 MIND Technology, Inc. (NASDAQ:MIND)

Bank of New York Mellon Corp bought a new position in shares of MIND Technology, Inc. (NASDAQ:MIND) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 57,675 shares of the company’s stock, valued at approximately $458,000. Bank of New York Mellon Corp owned 4.09% of MIND Technology at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Virtu Financial LLC bought a new position in MIND Technology during the 3rd quarter valued at approximately $43,000. Brighton Jones LLC bought a new position in shares of MIND Technology during the fourth quarter valued at approximately $138,000. Finally, IFP Advisors Inc bought a new position in shares of MIND Technology during the fourth quarter valued at approximately $32,000. 9.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of MIND Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th.

MIND Technology Price Performance

Shares of NASDAQ MIND opened at $6.14 on Friday. MIND Technology, Inc. has a 1 year low of $3.05 and a 1 year high of $11.10. The company’s 50-day moving average is $8.22 and its 200 day moving average is $5.98. The stock has a market capitalization of $8.63 million, a P/E ratio of 1.97 and a beta of 0.94.

MIND Technology Company Profile

MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries worldwide. Its primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; SeaLink towed seismic streamer system; and Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications.