Geospace Technologies Co. (NASDAQ:GEOS) Shares Bought by Morgan Stanley

Morgan Stanley boosted its holdings in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 16.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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’s holdings in Geospace Technologies were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Invesco Ltd. lifted its position in Geospace Technologies by 2.9% during the second quarter. Invesco Ltd. now owns 46,648 shares of the oil and gas company’s stock valued at $705,000 after purchasing an additional 1,335 shares during the period. Strs Ohio acquired a new position in Geospace Technologies during the second quarter valued at $84,000. Tieton Capital Management LLC lifted its position in Geospace Technologies by 7.7% during the second quarter. Tieton Capital Management LLC now owns 121,678 shares of the oil and gas company’s stock valued at $1,839,000 after purchasing an additional 8,710 shares during the period. Vanguard Group Inc. lifted its position in Geospace Technologies by 1.2% during the second quarter. Vanguard Group Inc. now owns 780,702 shares of the oil and gas company’s stock valued at $11,797,000 after purchasing an additional 9,238 shares during the period. Finally, Northern Trust Corp lifted its position in Geospace Technologies by 15.3% during the second quarter. Northern Trust Corp now owns 91,630 shares of the oil and gas company’s stock valued at $1,384,000 after purchasing an additional 12,140 shares during the period. Institutional investors own 64.55% of the company’s stock.

NASDAQ GEOS opened at $15.29 on Friday. The company has a fifty day moving average of $14.84 and a 200 day moving average of $14.27. Geospace Technologies Co. has a 1 year low of $9.93 and a 1 year high of $16.92.

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

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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