Dawson Geophysical Co. (DWSN) Shares Bought by Granite Investment Partners LLC
Granite Investment Partners LLC increased its position in Dawson Geophysical Co. (NASDAQ:DWSN) by 5.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 259,317 shares of the company’s stock after buying an additional 12,313 shares during the period. Granite Investment Partners LLC owned approximately 1.20% of Dawson Geophysical worth $1,978,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in DWSN. Alambic Investment Management L.P. boosted its position in Dawson Geophysical by 170.0% in the second quarter. Alambic Investment Management L.P. now owns 27,265 shares of the company’s stock worth $222,000 after buying an additional 17,165 shares during the period. Bank of New York Mellon Corp boosted its position in Dawson Geophysical by 33.9% in the second quarter. Bank of New York Mellon Corp now owns 162,622 shares of the company’s stock worth $1,326,000 after buying an additional 41,185 shares during the period. Schwab Charles Investment Management Inc. bought a new position in Dawson Geophysical during the second quarter worth about $265,000. GSA Capital Partners LLP bought a new position in Dawson Geophysical during the second quarter worth about $129,000. Finally, Van Den Berg Management I Inc. boosted its position in Dawson Geophysical by 68.9% in the second quarter. Van Den Berg Management I Inc. now owns 782,856 shares of the company’s stock worth $6,380,000 after buying an additional 319,260 shares during the period. 70.42% of the stock is currently owned by institutional investors.
Shares of Dawson Geophysical Co. (NASDAQ:DWSN) traded down 1.18% during trading on Monday, reaching $7.52. 7,610 shares of the company traded hands. The firm’s 50 day moving average is $7.21 and its 200-day moving average is $7.31. The stock’s market capitalization is $162.67 million. Dawson Geophysical Co. has a 12-month low of $2.90 and a 12-month high of $8.87.
Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by $0.19. Dawson Geophysical had a negative net margin of 23.70% and a negative return on equity of 19.25%. The firm earned $28.12 million during the quarter, compared to analysts’ expectations of $32.93 million. On average, equities research analysts anticipate that Dawson Geophysical Co. will post ($1.60) earnings per share for the current fiscal year.
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DWSN has been the topic of a number of research analyst reports. Raymond James Financial Inc. cut shares of Dawson Geophysical from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 25th. Zacks Investment Research raised shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th.
In other Dawson Geophysical news, Director Allen T. Mcinnes sold 3,990 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $7.02, for a total value of $28,009.80. Following the transaction, the director now owns 351,111 shares in the company, valued at $2,464,799.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James W. Thomas sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $7.65, for a total transaction of $76,500.00. Following the completion of the transaction, the executive vice president now owns 43,207 shares in the company, valued at approximately $330,533.55. The disclosure for this sale can be found here. 7.70% of the stock is currently owned by company insiders.
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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