ARS Wealth Advisors Group LLC Takes $179,000 Position in Geospace Technologies Corporation $GEOS

ARS Wealth Advisors Group LLC bought a new stake in Geospace Technologies Corporation (NASDAQ:GEOS) during the second quarter, HoldingsChannel.com reports. The fund bought 12,550 shares of the oil and gas company’s stock, valued at approximately $179,000.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC purchased a new position in shares of Geospace Technologies in the 1st quarter valued at $120,000. Bank of America Corp DE grew its holdings in Geospace Technologies by 45.0% during the 4th quarter. Bank of America Corp DE now owns 12,191 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 3,782 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Geospace Technologies by 15.2% during the 1st quarter. Bank of New York Mellon Corp now owns 30,601 shares of the oil and gas company’s stock valued at $221,000 after purchasing an additional 4,043 shares in the last quarter. EagleClaw Capital Managment LLC grew its holdings in Geospace Technologies by 193.1% during the 1st quarter. EagleClaw Capital Managment LLC now owns 40,150 shares of the oil and gas company’s stock valued at $289,000 after purchasing an additional 26,450 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Geospace Technologies during the 1st quarter valued at $367,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Geospace Technologies from a “sell” rating to a “hold” rating in a report on Saturday, August 9th.

Geospace Technologies Stock Performance

GEOS opened at $19.06 on Friday. The company has a 50-day moving average of $16.08 and a 200-day moving average of $10.73. The company has a market capitalization of $244.35 million, a P/E ratio of -17.98 and a beta of 0.70. Geospace Technologies Corporation has a 1-year low of $5.51 and a 1-year high of $21.60.

Geospace Technologies (NASDAQ:GEOS) last released its earnings results on Thursday, August 7th. The oil and gas company reported $0.06 earnings per share for the quarter. Geospace Technologies had a negative net margin of 11.70% and a positive return on equity of 2.77%.

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.