Bank of New York Mellon Corp Boosts Holdings in Geospace Technologies Co. (NASDAQ:GEOS)

Bank of New York Mellon Corp grew its position in Geospace Technologies Co. (NASDAQ:GEOS) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,558 shares of the oil and gas company’s stock after purchasing an additional 1,739 shares during the quarter. Bank of New York Mellon Corp’s holdings in Geospace Technologies were worth $266,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. BNP Paribas Financial Markets boosted its position in shares of Geospace Technologies by 40.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 872 shares in the last quarter. Barclays PLC raised its stake in Geospace Technologies by 278.2% in the third quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock valued at $172,000 after buying an additional 12,227 shares during the last quarter. Empowered Funds LLC boosted its holdings in Geospace Technologies by 4.9% in the fourth quarter. Empowered Funds LLC now owns 48,238 shares of the oil and gas company’s stock worth $483,000 after acquiring an additional 2,236 shares in the last quarter. State Street Corp grew its stake in shares of Geospace Technologies by 12.4% during the third quarter. State Street Corp now owns 167,497 shares of the oil and gas company’s stock worth $1,732,000 after acquiring an additional 18,469 shares during the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in shares of Geospace Technologies during the fourth quarter valued at about $2,542,000. 57.15% of the stock is owned by institutional investors and hedge funds.

Geospace Technologies Stock Down 2.0 %

GEOS stock opened at $7.24 on Friday. The stock has a market capitalization of $92.51 million, a PE ratio of -8.72 and a beta of 0.57. Geospace Technologies Co. has a 52 week low of $7.10 and a 52 week high of $14.83. The firm has a 50 day moving average of $8.34 and a 200 day moving average of $9.95.

Geospace Technologies (NASDAQ:GEOS) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.65 EPS for the quarter. Geospace Technologies had a negative net margin of 8.86% and a positive return on equity of 4.61%.

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.