Pacific Ridge Capital Partners LLC Raises Holdings in Genasys Inc. (NASDAQ:GNSS)

Pacific Ridge Capital Partners LLC increased its holdings in Genasys Inc. (NASDAQ:GNSSFree Report) by 4.2% in the 4th quarter, HoldingsChannel reports. The fund owned 1,054,481 shares of the company’s stock after purchasing an additional 42,703 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Genasys were worth $2,141,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Ieq Capital LLC purchased a new position in Genasys in the fourth quarter worth approximately $62,000. Victory Capital Management Inc. lifted its stake in Genasys by 49.4% during the fourth quarter. Victory Capital Management Inc. now owns 30,885 shares of the company’s stock worth $63,000 after purchasing an additional 10,212 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its stake in Genasys by 64.4% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 52,600 shares of the company’s stock worth $107,000 after purchasing an additional 20,600 shares in the last quarter. B. Riley Asset Management LLC acquired a new position in Genasys during the third quarter worth $651,000. Finally, Sequoia Financial Advisors LLC lifted its stake in Genasys by 15.6% during the third quarter. Sequoia Financial Advisors LLC now owns 370,000 shares of the company’s stock worth $744,000 after purchasing an additional 50,000 shares in the last quarter. 40.04% of the stock is currently owned by hedge funds and other institutional investors.

Genasys Stock Down 2.8 %

NASDAQ:GNSS traded down $0.05 during trading hours on Tuesday, reaching $1.76. 175,923 shares of the stock were exchanged, compared to its average volume of 85,372. The business has a 50-day moving average of $2.12 and a two-hundred day moving average of $1.89. Genasys Inc. has a twelve month low of $1.51 and a twelve month high of $3.92. The company has a market capitalization of $78.50 million, a price-to-earnings ratio of -2.92 and a beta of 0.50.

Genasys (NASDAQ:GNSSGet Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). Genasys had a negative return on equity of 46.55% and a negative net margin of 71.72%. The firm had revenue of $5.74 million for the quarter, compared to analyst estimates of $7.05 million. During the same quarter last year, the company earned ($0.09) earnings per share. On average, research analysts forecast that Genasys Inc. will post -0.56 EPS for the current fiscal year.

Genasys Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding GNSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genasys Inc. (NASDAQ:GNSSFree Report).

Institutional Ownership by Quarter for Genasys (NASDAQ:GNSS)

Receive News & Ratings for Genasys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genasys and related companies with MarketBeat.com's FREE daily email newsletter.