Geospace Technologies Co. (NASDAQ:GEOS) is Tieton Capital Management LLC’s 9th Largest Position

Tieton Capital Management LLC lowered its holdings in Geospace Technologies Co. (NASDAQ:GEOS) by 0.3% in the third quarter, HoldingsChannel reports. The firm owned 720,892 shares of the oil and gas company’s stock after selling 2,415 shares during the period. Geospace Technologies comprises about 3.9% of Tieton Capital Management LLC’s portfolio, making the stock its 9th largest holding. Tieton Capital Management LLC owned 0.06% of Geospace Technologies worth $7,454,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. EagleClaw Capital Managment LLC acquired a new stake in Geospace Technologies during the third quarter valued at approximately $114,000. WINTON GROUP Ltd acquired a new stake in Geospace Technologies during the second quarter valued at approximately $113,000. Rhumbline Advisers raised its stake in Geospace Technologies by 2,370.7% during the second quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company’s stock valued at $133,000 after buying an additional 14,224 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Geospace Technologies during the second quarter valued at approximately $314,000. Finally, Empowered Funds LLC raised its stake in Geospace Technologies by 59.2% during the third quarter. Empowered Funds LLC now owns 46,002 shares of the oil and gas company’s stock valued at $476,000 after buying an additional 17,098 shares in the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Analyst Ratings Changes

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

Geospace Technologies Price Performance

Shares of Geospace Technologies stock opened at $11.27 on Friday. Geospace Technologies Co. has a 1-year low of $8.09 and a 1-year high of $17.09. The company has a market capitalization of $145.50 million, a P/E ratio of -20.87 and a beta of 0.62. The business’s fifty day moving average price is $11.32 and its two-hundred day moving average price is $10.24.

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.