Barclays PLC Raises Stake in Geospace Technologies Co. (GEOS)

Barclays PLC lifted its position in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 378.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 71,368 shares of the oil and gas company’s stock after purchasing an additional 56,437 shares during the quarter. Barclays PLC owned about 0.52% of Geospace Technologies worth $736,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GEOS. Bank of America Corp DE grew its holdings in shares of Geospace Technologies by 415.3% during the second quarter. Bank of America Corp DE now owns 13,578 shares of the oil and gas company’s stock worth $191,000 after buying an additional 10,943 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Geospace Technologies by 4.0% in the third quarter. Bank of New York Mellon Corp now owns 112,108 shares of the oil and gas company’s stock valued at $1,536,000 after purchasing an additional 4,286 shares during the period. BlackRock Inc. grew its holdings in shares of Geospace Technologies by 10.0% in the third quarter. BlackRock Inc. now owns 1,330,356 shares of the oil and gas company’s stock valued at $18,226,000 after purchasing an additional 121,116 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Geospace Technologies by 9.4% in the third quarter. Dimensional Fund Advisors LP now owns 720,973 shares of the oil and gas company’s stock valued at $9,877,000 after purchasing an additional 61,908 shares during the period. Finally, Bridgeway Capital Management Inc. grew its holdings in shares of Geospace Technologies by 53.8% in the third quarter. Bridgeway Capital Management Inc. now owns 57,163 shares of the oil and gas company’s stock valued at $783,000 after purchasing an additional 20,000 shares during the period. Hedge funds and other institutional investors own 61.75% of the company’s stock.

Shares of GEOS traded up $0.05 during mid-day trading on Friday, reaching $13.85. The stock had a trading volume of 15,783 shares, compared to its average volume of 38,224. Geospace Technologies Co. has a 52-week low of $9.93 and a 52-week high of $16.92.

Geospace Technologies (NASDAQ:GEOS) last announced its quarterly earnings data on Tuesday, February 5th. The oil and gas company reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.29). Geospace Technologies had a negative net margin of 19.73% and a negative return on equity of 8.81%. The firm had revenue of $17.88 million during the quarter.

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About Geospace Technologies

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.

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Institutional Ownership by Quarter for Geospace Technologies (NASDAQ:GEOS)

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