Bank of New York Mellon Corp Takes Position in MIND Technology, Inc. (NASDAQ:MIND)

Bank of New York Mellon Corp purchased a new stake in shares of MIND Technology, Inc. (NASDAQ:MIND) in the 4th quarter, Holdings Channel reports. The fund purchased 57,675 shares of the company’s stock, valued at approximately $458,000.

A number of other hedge funds also recently added to or reduced their stakes in MIND. IFP Advisors Inc purchased a new stake in MIND Technology during the 4th quarter valued at $32,000. Virtu Financial LLC bought a new position in shares of MIND Technology during the third quarter valued at $43,000. Finally, Brighton Jones LLC bought a new position in shares of MIND Technology during the fourth quarter valued at $138,000. 9.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered MIND Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th.

MIND Technology Stock Down 1.4 %

Shares of MIND Technology stock opened at $6.14 on Friday. MIND Technology, Inc. has a twelve month low of $3.05 and a twelve month high of $11.10. The company’s 50 day moving average is $8.22 and its 200 day moving average is $5.98. The company has a market cap of $8.63 million, a price-to-earnings ratio of 1.97 and a beta of 0.94.

MIND Technology Profile

MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries worldwide. Its primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; SeaLink towed seismic streamer system; and Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications.