Disciplined Growth Investors Inc. MN Sells 14,722 Shares of Geospace Technologies Co. (NASDAQ:GEOS)

Disciplined Growth Investors Inc. MN decreased its holdings in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,556,040 shares of the oil and gas company’s stock after selling 14,722 shares during the period. Disciplined Growth Investors Inc. MN owned approximately 12.05% of Geospace Technologies worth $16,089,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in Geospace Technologies by 40.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 872 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Geospace Technologies in the 2nd quarter worth $113,000. EagleClaw Capital Managment LLC purchased a new stake in shares of Geospace Technologies in the third quarter valued at about $114,000. Rhumbline Advisers lifted its position in shares of Geospace Technologies by 2,370.7% during the second quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company’s stock valued at $133,000 after purchasing an additional 14,224 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Geospace Technologies by 278.2% during the third quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock worth $172,000 after purchasing an additional 12,227 shares during the last quarter. 57.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

GEOS stock opened at $10.36 on Tuesday. The stock has a fifty day moving average of $11.41 and a 200-day moving average of $10.23. Geospace Technologies Co. has a fifty-two week low of $8.09 and a fifty-two week high of $17.09. The company has a market capitalization of $131.68 million, a price-to-earnings ratio of -19.18 and a beta of 0.60.

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.