Tieton Capital Management LLC Has $8.85 Million Stake in Geospace Technologies Co. (NASDAQ:GEOS)

Tieton Capital Management LLC increased its position in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 22.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 882,797 shares of the oil and gas company’s stock after purchasing an additional 161,905 shares during the quarter. Geospace Technologies comprises approximately 3.6% of Tieton Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Tieton Capital Management LLC owned 0.07% of Geospace Technologies worth $8,846,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in Geospace Technologies by 59.2% during the 3rd quarter. Empowered Funds LLC now owns 46,002 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 17,098 shares during the period. BNP Paribas Financial Markets increased its stake in Geospace Technologies by 40.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 872 shares during the period. De Lisle Partners LLP increased its stake in Geospace Technologies by 4.7% during the 3rd quarter. De Lisle Partners LLP now owns 144,234 shares of the oil and gas company’s stock worth $1,496,000 after acquiring an additional 6,486 shares during the period. State Street Corp increased its stake in Geospace Technologies by 12.4% during the 3rd quarter. State Street Corp now owns 167,497 shares of the oil and gas company’s stock worth $1,732,000 after acquiring an additional 18,469 shares during the period. Finally, Barclays PLC increased its stake in Geospace Technologies by 278.2% during the 3rd quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock worth $172,000 after acquiring an additional 12,227 shares during the period. 57.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Geospace Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th.

Geospace Technologies Stock Performance

Shares of GEOS opened at $7.42 on Monday. Geospace Technologies Co. has a 52-week low of $7.20 and a 52-week high of $14.83. The business’s fifty day moving average is $8.59 and its 200-day moving average is $10.03. The firm has a market cap of $94.81 million, a price-to-earnings ratio of -8.94 and a beta of 0.57.

Geospace Technologies (NASDAQ:GEOS) last issued its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Geospace Technologies had a positive return on equity of 4.61% and a negative net margin of 8.86%.

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.