Morgan Stanley Grows Position in Geospace Technologies Co. (NASDAQ:GEOS)

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Morgan Stanley increased its position in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 16.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,002 shares of the oil and gas company’s stock after purchasing an additional 8,551 shares during the period. Morgan Stanley owned approximately 0.43% of Geospace Technologies worth $892,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its position in Geospace Technologies by 2.9% in the 2nd quarter. Invesco Ltd. now owns 46,648 shares of the oil and gas company’s stock valued at $705,000 after buying an additional 1,335 shares during the period. Strs Ohio purchased a new stake in Geospace Technologies in the 2nd quarter valued at about $84,000. Tieton Capital Management LLC boosted its position in Geospace Technologies by 7.7% in the 2nd quarter. Tieton Capital Management LLC now owns 121,678 shares of the oil and gas company’s stock valued at $1,839,000 after buying an additional 8,710 shares during the period. Vanguard Group Inc. boosted its position in Geospace Technologies by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 780,702 shares of the oil and gas company’s stock valued at $11,797,000 after buying an additional 9,238 shares during the period. Finally, Northern Trust Corp boosted its position in Geospace Technologies by 15.3% in the 2nd quarter. Northern Trust Corp now owns 91,630 shares of the oil and gas company’s stock valued at $1,384,000 after buying an additional 12,140 shares during the period. 64.55% of the stock is owned by institutional investors.

Shares of GEOS opened at $15.29 on Friday. The company has a 50 day moving average price of $14.84 and a 200-day moving average price of $14.27. Geospace Technologies Co. has a fifty-two week low of $9.93 and a fifty-two week high of $16.92.

Geospace Technologies (NASDAQ:GEOS) last announced its quarterly earnings results on Thursday, August 8th. The oil and gas company reported ($0.27) earnings per share for the quarter. Geospace Technologies had a negative return on equity of 5.22% and a negative net margin of 10.32%. The business had revenue of $22.87 million during the quarter.

Geospace Technologies Company 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.

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Institutional Ownership by Quarter for Geospace Technologies (NASDAQ:GEOS)

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