Peapod Lane Capital LLC Buys New Position in Geospace Technologies Co. (NASDAQ:GEOS)

Peapod Lane Capital LLC purchased a new position in Geospace Technologies Co. (NASDAQ:GEOS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 253,652 shares of the oil and gas company's stock, valued at approximately $2,542,000. Geospace Technologies makes up about 2.5% of Peapod Lane Capital LLC's investment portfolio, making the stock its 12th biggest holding. Peapod Lane Capital LLC owned about 1.98% of Geospace Technologies as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Glenorchy Capital Ltd boosted its holdings in Geospace Technologies by 2.7% in the third quarter. Glenorchy Capital Ltd now owns 186,217 shares of the oil and gas company's stock worth $1,925,000 after acquiring an additional 4,824 shares in the last quarter. Grace & White Inc. NY raised its position in shares of Geospace Technologies by 15.3% in the 3rd quarter. Grace & White Inc. NY now owns 216,096 shares of the oil and gas company's stock worth $2,234,000 after purchasing an additional 28,752 shares during the last quarter. US Bancorp DE boosted its stake in Geospace Technologies by 120.0% in the 3rd quarter. US Bancorp DE now owns 71,033 shares of the oil and gas company's stock worth $734,000 after purchasing an additional 38,752 shares in the last quarter. Empowered Funds LLC grew its position in Geospace Technologies by 59.2% during the 3rd quarter. Empowered Funds LLC now owns 46,002 shares of the oil and gas company's stock valued at $476,000 after purchasing an additional 17,098 shares during the last quarter. Finally, EagleClaw Capital Managment LLC purchased a new stake in Geospace Technologies during the 3rd quarter valued at about $114,000. Hedge funds and other institutional investors own 57.15% of the company's stock.

Geospace Technologies Stock Down 4.4 %

Shares of Geospace Technologies stock traded down $0.42 on Monday, reaching $9.12. The company's stock had a trading volume of 52,720 shares, compared to its average volume of 50,097. Geospace Technologies Co. has a 52 week low of $8.03 and a 52 week high of $14.83. The firm's fifty day simple moving average is $9.71 and its two-hundred day simple moving average is $10.30. The company has a market capitalization of $116.92 million, a price-to-earnings ratio of -10.99 and a beta of 0.57.

Geospace Technologies (NASDAQ:GEOS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.65 EPS for the quarter. Geospace Technologies had a positive return on equity of 4.61% and a negative net margin of 8.86%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Geospace Technologies from a "sell" rating to a "hold" rating in a report on Thursday, November 28th.

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.