Dawson Geophysical Company (DWSN) Shares Sold by Boston Partners
Boston Partners lowered its position in Dawson Geophysical Company (NASDAQ:DWSN) by 18.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 419,327 shares of the oil and gas company’s stock after selling 94,978 shares during the period. Boston Partners owned 1.93% of Dawson Geophysical worth $1,644,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. State Street Corp raised its stake in shares of Dawson Geophysical by 7.3% in the fourth quarter. State Street Corp now owns 254,235 shares of the oil and gas company’s stock worth $2,045,000 after buying an additional 17,322 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Dawson Geophysical by 45.2% in the fourth quarter. Teachers Advisors LLC now owns 49,331 shares of the oil and gas company’s stock worth $397,000 after buying an additional 15,347 shares in the last quarter. Grace & White Inc. NY raised its stake in shares of Dawson Geophysical by 3.3% in the first quarter. Grace & White Inc. NY now owns 1,059,435 shares of the oil and gas company’s stock worth $5,890,000 after buying an additional 34,300 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Dawson Geophysical by 31.1% in the first quarter. Wedge Capital Management L L P NC now owns 224,971 shares of the oil and gas company’s stock worth $1,251,000 after buying an additional 53,400 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Dawson Geophysical by 19.6% in the first quarter. US Bancorp DE now owns 98,785 shares of the oil and gas company’s stock worth $549,000 after buying an additional 16,200 shares in the last quarter. 69.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Dawson Geophysical Company (DWSN) opened at 4.01 on Thursday. Dawson Geophysical Company has a 52 week low of $3.70 and a 52 week high of $9.00. The company’s 50 day moving average price is $3.99 and its 200-day moving average price is $5.06. The company’s market capitalization is $87.02 million.
Dawson Geophysical (NASDAQ:DWSN) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.68) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.27. The business had revenue of $30.47 million for the quarter. Dawson Geophysical had a negative net margin of 33.36% and a negative return on equity of 26.45%. Analysts anticipate that Dawson Geophysical Company will post ($1.70) earnings per share for the current fiscal year.
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DWSN has been the subject of a number of research analyst reports. Zacks Investment Research lowered Dawson Geophysical from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. ValuEngine lowered Dawson Geophysical from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th.
About Dawson Geophysical
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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