Insider Selling: Dawson Geophysical Co. (DWSN) EVP Sells 10,000 Shares of Stock
Dawson Geophysical Co. (NASDAQ:DWSN) EVP James W. Thomas sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $7.65, for a total value of $76,500.00. Following the completion of the sale, the executive vice president now directly owns 43,207 shares in the company, valued at $330,533.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Dawson Geophysical Co. (NASDAQ:DWSN) traded up 2.04% during trading on Wednesday, hitting $8.00. The stock had a trading volume of 90,504 shares. Dawson Geophysical Co. has a 12-month low of $2.90 and a 12-month high of $8.87. The firm’s market cap is $173.06 million. The stock’s 50 day moving average price is $7.17 and its 200 day moving average price is $7.18.
Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.57) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by $0.19. The company had revenue of $28.12 million for the quarter, compared to analysts’ expectations of $32.93 million. Dawson Geophysical had a negative net margin of 23.70% and a negative return on equity of 19.25%. On average, analysts anticipate that Dawson Geophysical Co. will post ($1.51) EPS for the current fiscal year.
DWSN has been the topic of several research reports. Raymond James Financial Inc. downgraded Dawson Geophysical from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 25th. Zacks Investment Research upgraded Dawson Geophysical from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th.
A number of hedge funds have recently bought and sold shares of DWSN. Moors & Cabot Inc. bought a new stake in Dawson Geophysical during the second quarter valued at approximately $103,000. BlackRock Advisors LLC increased its stake in Dawson Geophysical by 1.2% in the third quarter. BlackRock Advisors LLC now owns 14,806 shares of the company’s stock valued at $113,000 after buying an additional 182 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Dawson Geophysical during the third quarter valued at approximately $120,000. GSA Capital Partners LLP bought a new stake in Dawson Geophysical during the second quarter valued at approximately $129,000. Finally, Walleye Trading LLC increased its stake in Dawson Geophysical by 143.9% in the second quarter. Walleye Trading LLC now owns 16,100 shares of the company’s stock valued at $131,000 after buying an additional 9,500 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.
Dawson Geophysical Company Profile
Dawson Geophysical Company, formerly TGC Industries, Inc, is a provider of onshore seismic data acquisition and processing services with operations throughout the United States and Canada. The Company acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data for its clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries.
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