Dimensional Fund Advisors LP Has $5.91 Million Stock Holdings in Geospace Technologies Co. (NASDAQ:GEOS)

Dimensional Fund Advisors LP decreased its stake in Geospace Technologies Co. (NASDAQ:GEOS) by 2.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 658,308 shares of the oil and gas company’s stock after selling 15,375 shares during the quarter. Dimensional Fund Advisors LP owned 4.93% of Geospace Technologies worth $5,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GEOS. G2 Investment Partners Management LLC purchased a new stake in Geospace Technologies during the fourth quarter valued at about $5,297,000. Gate City Capital Management LLC acquired a new stake in shares of Geospace Technologies during the fourth quarter worth approximately $4,270,000. Grace & White Inc. NY grew its position in Geospace Technologies by 215.6% during the second quarter. Grace & White Inc. NY now owns 187,344 shares of the oil and gas company’s stock valued at $1,682,000 after purchasing an additional 127,974 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Geospace Technologies in the 2nd quarter valued at approximately $314,000. Finally, Acadian Asset Management LLC lifted its position in Geospace Technologies by 18.1% in the 2nd quarter. Acadian Asset Management LLC now owns 226,366 shares of the oil and gas company’s stock worth $2,027,000 after buying an additional 34,762 shares in the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Geospace Technologies Trading Down 1.8 %

Geospace Technologies stock opened at $10.31 on Wednesday. Geospace Technologies Co. has a 1-year low of $8.09 and a 1-year high of $17.09. The firm’s fifty day simple moving average is $9.79 and its 200-day simple moving average is $10.47. The company has a market capitalization of $137.76 million, a P/E ratio of 8.66 and a beta of 0.63.

Geospace Technologies (NASDAQ:GEOS) last announced its earnings results on Thursday, August 8th. The oil and gas company reported ($0.16) earnings per share for the quarter. Geospace Technologies had a net margin of 8.28% and a return on equity of 7.68%. The business had revenue of $25.86 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com raised Geospace Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday.

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.