Tieton Capital Management LLC Buys 161,905 Shares of Geospace Technologies Co. (NASDAQ:GEOS)

Tieton Capital Management LLC raised its holdings in Geospace Technologies Co. (NASDAQ:GEOS - Free Report) by 22.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 882,797 shares of the oil and gas company's stock after buying an additional 161,905 shares during the quarter. Geospace Technologies accounts for about 3.6% of Tieton Capital Management LLC's investment portfolio, making the stock its 11th largest position. Tieton Capital Management LLC owned about 6.89% of Geospace Technologies worth $8,846,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GEOS. First Eagle Investment Management LLC grew its stake in shares of Geospace Technologies by 1,200.2% in the fourth quarter. First Eagle Investment Management LLC now owns 283,321 shares of the oil and gas company's stock worth $2,839,000 after acquiring an additional 261,530 shares during the last quarter. EagleClaw Capital Managment LLC increased its holdings in shares of Geospace Technologies by 24.5% during the 4th quarter. EagleClaw Capital Managment LLC now owns 13,700 shares of the oil and gas company's stock worth $137,000 after purchasing an additional 2,700 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Geospace Technologies by 7.0% during the 4th quarter. Bank of New York Mellon Corp now owns 26,558 shares of the oil and gas company's stock worth $266,000 after purchasing an additional 1,739 shares during the period. Peapod Lane Capital LLC acquired a new position in shares of Geospace Technologies during the fourth quarter valued at about $2,542,000. Finally, Empowered Funds LLC lifted its stake in shares of Geospace Technologies by 4.9% in the fourth quarter. Empowered Funds LLC now owns 48,238 shares of the oil and gas company's stock valued at $483,000 after buying an additional 2,236 shares during the period. 57.15% of the stock is owned by institutional investors.

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Geospace Technologies Price Performance

Shares of GEOS traded down $0.15 on Friday, reaching $7.24. 43,412 shares of the stock traded hands, compared to its average volume of 66,229. The stock's 50-day moving average price is $8.34 and its 200-day moving average price is $9.95. The firm has a market cap of $92.51 million, a price-to-earnings ratio of -8.72 and a beta of 0.57. Geospace Technologies Co. has a 12 month low of $7.10 and a 12 month high of $14.83.

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

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 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.