Stratos Wealth Partners LTD. Sells 23,244 Shares of Genasys Inc. (NASDAQ:GNSS)

Stratos Wealth Partners LTD. reduced its holdings in Genasys Inc. (NASDAQ:GNSS) by 40.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,550 shares of the company’s stock after selling 23,244 shares during the quarter. Stratos Wealth Partners LTD. owned 0.08% of Genasys worth $90,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of GNSS. Evernest Financial Advisors LLC bought a new stake in Genasys during the 4th quarter worth approximately $49,000. Barclays PLC bought a new stake in shares of Genasys during the third quarter worth $70,000. Cutter & CO Brokerage Inc. raised its holdings in shares of Genasys by 12.0% during the third quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock worth $758,000 after acquiring an additional 22,750 shares during the period. Intergy Private Wealth LLC bought a new stake in Genasys in the 4th quarter valued at $68,000. Finally, Geode Capital Management LLC boosted its stake in 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 period. Institutional investors and hedge funds own 40.04% of the company’s stock.

Insider Buying and Selling

In related news, Director William H. Dodd purchased 16,327 shares of the stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $2.65 per share, with a total value of $43,266.55. Following the transaction, the director now directly owns 59,159 shares of the company’s stock, valued at $156,771.35. This trade represents a 38.12 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.40% of the stock is currently owned by corporate insiders.

Genasys Stock Performance

Shares of GNSS stock opened at $3.38 on Friday. Genasys Inc. has a 12 month low of $1.65 and a 12 month high of $4.04. The company’s fifty day simple moving average is $2.89 and its 200-day simple moving average is $3.22. The firm has a market cap of $151.86 million, a PE ratio of -4.69 and a beta of 0.62. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 0.68.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.07. Genasys had a negative net margin of 132.16% and a negative return on equity of 104.49%. Equities research analysts expect that Genasys Inc. will post -0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Genasys Company 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.