The Dawson Geophysical Company (DWSN) Stake Increased by Moors & Cabot Inc., Report finds

The Dawson Geophysical Company (DWSN) Stake Increased by Moors & Cabot Inc., Report finds

A number of other hedge funds and other institutional investors have also recently modified their holdings of DWSN. Acadian Asset Management LLC boosted its position in shares of Dawson Geophysical Company by 227.3% in the third quarter. Acadian Asset Management LLC now owns 514,465 shares of the company’s stock valued at $3,926,000 after buying an additional 357,266 shares during the period. Numeric Investors LLC purchased a new position in shares of Dawson Geophysical Company during the second quarter valued at about $884,000. ClariVest Asset Management LLC purchased a new position in shares of Dawson Geophysical Company during the second quarter valued at about $710,000. Eagle Global Advisors LLC boosted its position in shares of Dawson Geophysical Company by 139.9% in the third quarter. Eagle Global Advisors LLC now owns 75,779 shares of the company’s stock valued at $578,000 after buying an additional 44,190 shares during the period. Finally, Globeflex Capital L P purchased a new position in shares of Dawson Geophysical Company during the third quarter valued at about $335,000. 70.18% of the stock is owned by institutional investors and hedge funds.

Moors & Cabot Inc. boosted its stake in Dawson Geophysical Company (NASDAQ:DWSN) by 19.5% during the third quarter, Holdings Channel reports. The firm owned 15,344 shares of the company’s stock after buying an additional 2,500 shares during the period. Moors & Cabot Inc. owned approximately 0.07% of Dawson Geophysical Company worth $117,000 at the end of the most recent reporting period.

Shares of Dawson Geophysical Company (NASDAQ:DWSN) traded down 0.27% on Thursday, reaching $7.34. 42,345 shares of the company’s stock traded hands. The company’s market cap is $158.78 million. The stock has a 50-day moving average price of $7.98 and a 200-day moving average price of $7.55. Dawson Geophysical Company has a 12-month low of $2.91 and a 12-month high of $9.00.

In related news, EVP James W. Thomas sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $7.65, for a total value of $76,500.00. Following the transaction, the executive vice president now owns 43,207 shares of the company’s stock, valued at approximately $330,533.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.70% of the company’s stock.

About Dawson Geophysical Company

Dawson Geophysical Company, formerly TGC Industries, Inc, is a provider of onshore seismic data acquisition and processing services with operations throughout the United States and Canada. The Company acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data for its clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries.

Want to see what other hedge funds are holding DWSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dawson Geophysical Company (NASDAQ:DWSN).

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