Tieton Capital Management LLC Purchases 161,905 Shares of 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 fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 882,797 shares of the oil and gas company’s stock after buying an additional 161,905 shares during the quarter. Geospace Technologies accounts for about 3.6% of Tieton Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Tieton Capital Management LLC owned about 6.89% of Geospace Technologies worth $8,846,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in shares of Geospace Technologies by 40.7% during the third quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company’s stock worth $31,000 after buying an additional 872 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Geospace Technologies by 7.0% during the fourth quarter. Bank of New York Mellon Corp now owns 26,558 shares of the oil and gas company’s stock worth $266,000 after buying an additional 1,739 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Geospace Technologies by 4.9% during the fourth quarter. Empowered Funds LLC now owns 48,238 shares of the oil and gas company’s stock worth $483,000 after buying an additional 2,236 shares in the last quarter. EagleClaw Capital Managment LLC grew its holdings in shares of Geospace Technologies by 24.5% during the fourth quarter. EagleClaw Capital Managment LLC now owns 13,700 shares of the oil and gas company’s stock worth $137,000 after buying an additional 2,700 shares in the last quarter. Finally, De Lisle Partners LLP grew its holdings in shares of Geospace Technologies by 4.7% during the third quarter. De Lisle Partners LLP now owns 144,234 shares of the oil and gas company’s stock worth $1,496,000 after buying an additional 6,486 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Geospace Technologies Stock Performance

Shares of NASDAQ GEOS opened at $7.42 on Monday. The stock has a 50 day moving average price of $8.59 and a 200 day moving average price of $10.03. Geospace Technologies Co. has a 52 week low of $7.20 and a 52 week high of $14.83. The stock has a market capitalization of $94.81 million, a PE 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 EPS for the quarter. Geospace Technologies had a positive return on equity of 4.61% and a negative net margin of 8.86%.

Geospace Technologies Profile

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.