De Lisle Partners LLP Acquires Shares of 147,133 Geospace Technologies Corporation $GEOS

De Lisle Partners LLP bought a new position in Geospace Technologies Corporation (NASDAQ:GEOS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 147,133 shares of the oil and gas company’s stock, valued at approximately $998,000. De Lisle Partners LLP owned about 1.14% of Geospace Technologies as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Empowered Funds LLC increased its position in shares of Geospace Technologies by 8.2% during the first quarter. Empowered Funds LLC now owns 52,207 shares of the oil and gas company’s stock valued at $376,000 after acquiring an additional 3,969 shares during the last quarter. Glenorchy Capital Ltd boosted its position in Geospace Technologies by 1.0% in the second quarter. Glenorchy Capital Ltd now owns 193,884 shares of the oil and gas company’s stock worth $2,765,000 after purchasing an additional 1,946 shares during the last quarter. Raymond James Financial Inc. bought a new position in Geospace Technologies in the 2nd quarter valued at $51,000. Bank of America Corp DE grew its stake in Geospace Technologies by 68.4% in the 2nd quarter. Bank of America Corp DE now owns 13,043 shares of the oil and gas company’s stock valued at $186,000 after purchasing an additional 5,299 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Geospace Technologies during the 2nd quarter valued at $306,000. 57.15% of the stock is owned by institutional investors.

Geospace Technologies Stock Performance

NASDAQ:GEOS opened at $5.51 on Monday. Geospace Technologies Corporation has a 12 month low of $5.05 and a 12 month high of $29.89. The firm’s 50 day moving average is $6.67 and its 200 day moving average is $8.74. The stock has a market capitalization of $71.30 million, a PE ratio of -1.79 and a beta of 0.19.

Geospace Technologies (NASDAQ:GEOS) last announced its quarterly earnings data on Friday, August 7th. The oil and gas company reported ($0.75) earnings per share for the quarter. Geospace Technologies had a negative net margin of 43.10% and a negative return on equity of 35.80%. The firm had revenue of $15.80 million for the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings upgraded Geospace Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 16th. Wall Street Zen lowered shares of Geospace Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Geospace Technologies Company Profile

Geospace Technologies Corporation specializes in the design, manufacturing and marketing of geophysical instrumentation for seismic data acquisition. The company’s solutions address the needs of oil and gas exploration and production companies by enabling detailed subsurface imaging through advanced sensor and acquisition systems. Geospace serves both land and marine seismic markets, offering equipment that meets the rigorous demands of contemporary seismic surveys.

In its Land Products segment, Geospace Technologies offers a range of components including geophones, accelerometers, cable and recorder accessories designed to collect high-quality seismic signals in onshore environments.