Amica Mutual Insurance Co. Has $2,169,000 Stake in Geospace Technologies Corp. (GEOS)
Amica Mutual Insurance Co. cut its stake in Geospace Technologies Corp. (NASDAQ:GEOS) by 48.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,331 shares of the company’s stock after selling 105,679 shares during the period. Amica Mutual Insurance Co. owned approximately 0.84% of Geospace Technologies Corp. worth $2,169,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Paloma Partners Management Co bought a new stake in shares of Geospace Technologies Corp. during the second quarter worth approximately $172,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of Geospace Technologies Corp. during the second quarter worth approximately $202,000. Virginia Retirement Systems ET AL bought a new stake in shares of Geospace Technologies Corp. during the second quarter worth approximately $252,000. Brandes Investment Partners LP bought a new stake in shares of Geospace Technologies Corp. during the second quarter worth approximately $269,000. Finally, New York State Teachers Retirement System raised its stake in shares of Geospace Technologies Corp. by 0.6% in the second quarter. New York State Teachers Retirement System now owns 16,952 shares of the company’s stock worth $278,000 after buying an additional 100 shares in the last quarter. 85.49% of the stock is currently owned by institutional investors and hedge funds.
Geospace Technologies Corp. (NASDAQ:GEOS) traded down 2.55% on Tuesday, reaching $20.26. 57,638 shares of the company’s stock were exchanged. Geospace Technologies Corp. has a 52 week low of $7.62 and a 52 week high of $22.54. The stock’s 50 day moving average is $19.40 and its 200 day moving average is $17.96. The company’s market cap is $270.03 million.
Geospace Technologies Corp. (NASDAQ:GEOS) last posted its quarterly earnings results on Wednesday, November 16th. The company reported ($0.94) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.46) by $0.48. The company earned $16.31 million during the quarter, compared to analyst estimates of $18.50 million. Geospace Technologies Corp. had a negative net margin of 74.07% and a negative return on equity of 17.58%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned ($1.03) EPS. On average, equities analysts anticipate that Geospace Technologies Corp. will post ($1.54) earnings per share for the current year.
A number of brokerages have commented on GEOS. Seaport Global Securities reissued a “neutral” rating on shares of Geospace Technologies Corp. in a report on Thursday, November 17th. Zacks Investment Research downgraded shares of Geospace Technologies Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th.
About Geospace Technologies Corp.
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 in two segments: Seismic and Non-Seismic. Its seismic product lines consist of land and marine nodal data acquisition systems, permanent land and seabed reservoir monitoring products and services, geophones and geophone strings, hydrophones, leader wire, connectors, telemetry cables, marine streamer retrieval and steering devices, and various other products.
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