Spark Investment Management LLC grew its holdings in Geospace Technologies Co. (NASDAQ:GEOS) by 85.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,000 shares of the oil and gas company’s stock after purchasing an additional 11,087 shares during the quarter. Spark Investment Management LLC owned approximately 0.18% of Geospace Technologies worth $311,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of GEOS. Carillon Tower Advisers Inc. bought a new position in Geospace Technologies during the fourth quarter worth $6,279,000. Virtu Financial LLC acquired a new stake in shares of Geospace Technologies during the fourth quarter worth $172,000. Rhumbline Advisers lifted its holdings in shares of Geospace Technologies by 17.4% during the fourth quarter. Rhumbline Advisers now owns 31,690 shares of the oil and gas company’s stock worth $411,000 after buying an additional 4,687 shares in the last quarter. Arizona State Retirement System acquired a new position in Geospace Technologies in the fourth quarter valued at about $293,000. Finally, SG Americas Securities LLC acquired a new position in Geospace Technologies in the fourth quarter valued at about $167,000. 79.27% of the stock is currently owned by institutional investors.
Shares of Geospace Technologies Co. (NASDAQ:GEOS) traded down $0.47 during midday trading on Wednesday, reaching $10.14. The company’s stock had a trading volume of 95,347 shares, compared to its average volume of 55,167. The firm has a market capitalization of $144.72, a P/E ratio of -2.44 and a beta of 1.47. Geospace Technologies Co. has a 12-month low of $9.90 and a 12-month high of $18.71.
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Geospace Technologies Profile
Geospace Technologies Corporation designs and manufactures instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs. The Company also designs and manufactures non-seismic products, including industrial products, offshore cables and imaging equipment.
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