FNY Investment Advisers LLC Boosts Holdings in Genasys Inc. (NASDAQ:GNSS)

FNY Investment Advisers LLC raised its holdings in Genasys Inc. (NASDAQ:GNSS - Free Report) by 251.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 272,200 shares of the company's stock after purchasing an additional 194,669 shares during the period. FNY Investment Advisers LLC owned about 0.61% of Genasys worth $707,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new stake in shares of Genasys during the second quarter worth approximately $875,000. Sequoia Financial Advisors LLC raised its position in shares of Genasys by 23.1% in the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company's stock valued at $1,666,000 after buying an additional 87,883 shares during the last quarter. BOKF NA lifted its stake in shares of Genasys by 103.4% in the second quarter. BOKF NA now owns 172,250 shares of the company's stock worth $364,000 after buying an additional 87,550 shares in the last quarter. Geode Capital Management LLC boosted its position in Genasys by 11.2% during the third quarter. Geode Capital Management LLC now owns 483,882 shares of the company's stock worth $1,724,000 after acquiring an additional 48,843 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. boosted its position in Genasys by 12.0% during the third quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company's stock worth $758,000 after acquiring an additional 22,750 shares during the last quarter. 40.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Genasys

In other news, Director William H. Dodd acquired 16,327 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $2.65 per share, with a total value of $43,266.55. Following the completion of the acquisition, the director now owns 59,159 shares in the company, valued at $156,771.35. This trade represents a 38.12 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is currently owned by corporate insiders.

Genasys Stock Down 2.6 %

GNSS stock traded down $0.07 during mid-day trading on Tuesday, reaching $2.66. The company had a trading volume of 140,308 shares, compared to its average volume of 135,476. The firm has a fifty day simple moving average of $3.24 and a 200 day simple moving average of $3.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 2.58. Genasys Inc. has a fifty-two week low of $1.51 and a fifty-two week high of $4.04. The company has a market capitalization of $119.51 million, a price-to-earnings ratio of -3.69 and a beta of 0.59.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Roth Mkm raised their target price on Genasys from $3.50 to $4.50 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Ascendiant Capital Markets lifted their target price on shares of Genasys from $4.75 to $5.50 and gave the stock a "buy" rating in a research note on Monday, December 16th.

Genasys Profile

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.