Empowered Funds LLC Acquires 17,098 Shares of Geospace Technologies Co. (NASDAQ:GEOS)

Empowered Funds LLC increased its holdings in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 59.2% in the third quarter, Holdings Channel.com reports. The firm owned 46,002 shares of the oil and gas company’s stock after purchasing an additional 17,098 shares during the quarter. Empowered Funds LLC’s holdings in Geospace Technologies were worth $476,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GEOS. US Bancorp DE lifted its position in Geospace Technologies by 120.0% in the 3rd quarter. US Bancorp DE now owns 71,033 shares of the oil and gas company’s stock valued at $734,000 after acquiring an additional 38,752 shares in the last quarter. Grace & White Inc. NY lifted its holdings in shares of Geospace Technologies by 15.3% in the third quarter. Grace & White Inc. NY now owns 216,096 shares of the oil and gas company’s stock valued at $2,234,000 after purchasing an additional 28,752 shares in the last quarter. Glenorchy Capital Ltd boosted its position in shares of Geospace Technologies by 2.7% during the third quarter. Glenorchy Capital Ltd now owns 186,217 shares of the oil and gas company’s stock worth $1,925,000 after buying an additional 4,824 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Geospace Technologies by 14.8% during the second quarter. Renaissance Technologies LLC now owns 47,200 shares of the oil and gas company’s stock worth $424,000 after buying an additional 6,100 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Geospace Technologies in the 2nd quarter valued at approximately $113,000. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Geospace Technologies Price Performance

Shares of NASDAQ:GEOS opened at $11.27 on Monday. The stock has a market capitalization of $145.50 million, a PE ratio of -20.87 and a beta of 0.62. The company’s 50-day moving average price is $11.32 and its two-hundred day moving average price is $10.22. Geospace Technologies Co. has a one year low of $8.09 and a one year high of $17.09.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Geospace Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th.

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.