FNY Investment Advisers LLC Increases Holdings in Genasys Inc. (NASDAQ:GNSS)

FNY Investment Advisers LLC increased its holdings in shares of Genasys Inc. (NASDAQ:GNSS) by 251.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 272,200 shares of the company’s stock after purchasing an additional 194,669 shares during the quarter. FNY Investment Advisers LLC owned approximately 0.61% of Genasys worth $707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GNSS. Barclays PLC purchased a new position in shares of Genasys in the third quarter worth $70,000. BOKF NA boosted its holdings in shares of Genasys by 103.4% during the 2nd quarter. BOKF NA now owns 172,250 shares of the company’s stock valued at $364,000 after purchasing an additional 87,550 shares during the last quarter. Cutter & CO Brokerage Inc. grew its position in shares of Genasys by 12.0% during the third quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock valued at $758,000 after purchasing an additional 22,750 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Genasys in the second quarter worth about $875,000. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Genasys by 23.1% in the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock worth $1,666,000 after buying an additional 87,883 shares in the last quarter. Institutional investors own 40.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GNSS shares. Roth Mkm upped their price objective on Genasys from $3.50 to $4.50 and gave the stock a “buy” rating in a report on Thursday, September 19th. Ascendiant Capital Markets increased their price target on shares of Genasys from $4.75 to $5.50 and gave the company a “buy” rating in a report on Monday, December 16th.

Insider Activity

In other Genasys news, Director William H. Dodd bought 16,327 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average price of $2.65 per share, with a total value of $43,266.55. Following the transaction, the director now owns 59,159 shares of the company’s stock, valued at approximately $156,771.35. This trade represents a 38.12 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.50% of the company’s stock.

Genasys Stock Performance

Shares of NASDAQ:GNSS opened at $2.73 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 2.58. The firm has a market cap of $122.66 million, a PE ratio of -3.79 and a beta of 0.59. The firm’s 50 day simple moving average is $3.24 and its 200-day simple moving average is $3.15. Genasys Inc. has a one year low of $1.51 and a one year high of $4.04.

Genasys Company 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.