Peapod Lane Capital LLC Makes New $2.54 Million Investment in Geospace Technologies Co. (NASDAQ:GEOS)

Peapod Lane Capital LLC bought a new stake in Geospace Technologies Co. (NASDAQ:GEOS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 portfolio, making the stock its 12th largest holding. Peapod Lane Capital LLC owned approximately 1.98% of Geospace Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GEOS. BNP Paribas Financial Markets increased its holdings in shares of Geospace Technologies by 40.7% during 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 purchasing an additional 872 shares in the last quarter. EagleClaw Capital Managment LLC purchased a new position in Geospace Technologies in the 3rd quarter valued at about $114,000. Barclays PLC boosted its stake in shares of Geospace Technologies by 278.2% in the third quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock worth $172,000 after acquiring an additional 12,227 shares during the last quarter. Empowered Funds LLC raised its position in shares of Geospace Technologies by 59.2% in the third quarter. Empowered Funds LLC now owns 46,002 shares of the oil and gas company’s stock valued at $476,000 after buying an additional 17,098 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Geospace Technologies by 120.0% in the third quarter. US Bancorp DE now owns 71,033 shares of the oil and gas company’s stock worth $734,000 after buying an additional 38,752 shares in the last quarter. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Geospace Technologies Stock Performance

Shares of GEOS opened at $8.26 on Thursday. The firm’s fifty day simple moving average is $9.82 and its 200-day simple moving average is $10.31. Geospace Technologies Co. has a twelve month low of $8.03 and a twelve month high of $14.83.

Geospace Technologies (NASDAQ:GEOS) last issued 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 positive return on equity of 4.61% and a negative net margin of 8.86%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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.