Cutter & CO Brokerage Inc. Decreases Stock Position in Genasys Inc. (NASDAQ:GNSS)

Cutter & CO Brokerage Inc. reduced its position in Genasys Inc. (NASDAQ:GNSS) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 202,900 shares of the company’s stock after selling 10,100 shares during the period. Cutter & CO Brokerage Inc. owned about 0.45% of Genasys worth $528,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in GNSS. FNY Investment Advisers LLC raised its holdings in Genasys by 251.1% in the 4th quarter. FNY Investment Advisers LLC now owns 272,200 shares of the company’s stock worth $707,000 after acquiring an additional 194,669 shares during the last quarter. Geode Capital Management LLC raised its holdings in Genasys by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 483,882 shares of the company’s stock worth $1,724,000 after acquiring an additional 48,843 shares during the last quarter. Intergy Private Wealth LLC purchased a new position in Genasys in the 4th quarter worth approximately $68,000. Y Intercept Hong Kong Ltd bought a new stake in Genasys in the 4th quarter worth approximately $63,000. Finally, Barclays PLC bought a new stake in Genasys in the 3rd quarter worth approximately $70,000. 40.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Genasys news, Director William H. Dodd acquired 16,327 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of $2.65 per share, with a total value of $43,266.55. Following the transaction, the director now directly owns 59,159 shares in the company, valued at approximately $156,771.35. The trade was a 38.12 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.40% of the company’s stock.

Genasys Trading Down 0.7 %

NASDAQ:GNSS opened at $2.88 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.97 and a debt-to-equity ratio of 0.91. Genasys Inc. has a 12 month low of $1.65 and a 12 month high of $4.04. The company has a market cap of $129.41 million, a PE ratio of -4.36 and a beta of 0.62. The company has a 50 day simple moving average of $2.93 and a two-hundred day simple moving average of $3.27.

Genasys (NASDAQ:GNSS) last posted its earnings results on Tuesday, February 11th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. Genasys had a negative net margin of 109.39% and a negative return on equity of 122.99%. Research analysts forecast that Genasys Inc. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets lifted their target price on shares of Genasys from $4.75 to $5.50 and gave the stock a “buy” rating in a research report on Monday, December 16th.

Genasys Profile

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.