First Wilshire Securities Management Inc. reduced its stake in shares of Mitcham Industries, Inc. (NASDAQ:MIND) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 324,169 shares of the company’s stock after selling 17,005 shares during the period. First Wilshire Securities Management Inc.’s holdings in Mitcham Industries were worth $1,303,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Teton Advisors Inc. boosted its holdings in shares of Mitcham Industries by 22.8% during the 2nd quarter. Teton Advisors Inc. now owns 140,069 shares of the company’s stock worth $563,000 after purchasing an additional 26,000 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Mitcham Industries by 11.3% during the 2nd quarter. Renaissance Technologies LLC now owns 308,200 shares of the company’s stock worth $1,239,000 after purchasing an additional 31,300 shares during the last quarter. Ancora Advisors LLC boosted its holdings in shares of Mitcham Industries by 877.1% during the 1st quarter. Ancora Advisors LLC now owns 161,732 shares of the company’s stock worth $524,000 after purchasing an additional 145,179 shares during the last quarter. Manatuck Hill Partners LLC acquired a new position in shares of Mitcham Industries during the 2nd quarter worth approximately $975,000. Finally, Raffles Associates LP acquired a new position in shares of Mitcham Industries during the 2nd quarter worth approximately $1,269,000. Institutional investors and hedge funds own 72.27% of the company’s stock.

In related news, CEO Robert P. Capps bought 10,000 shares of the stock in a transaction dated Tuesday, July 31st. The shares were acquired at an average cost of $3.99 per share, for a total transaction of $39,900.00. Following the acquisition, the chief executive officer now directly owns 41,930 shares in the company, valued at approximately $167,300.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 9.80% of the company’s stock.

Shares of Mitcham Industries stock opened at $3.95 on Thursday. Mitcham Industries, Inc. has a 1-year low of $2.86 and a 1-year high of $4.57.

Mitcham Industries (NASDAQ:MIND) last issued its earnings results on Wednesday, September 5th. The company reported ($0.41) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.49) by $0.08. The business had revenue of $8.35 million for the quarter. Mitcham Industries had a negative return on equity of 39.33% and a negative net margin of 67.30%.

Mitcham Industries Company Profile

Mitcham Industries, Inc, through its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries worldwide. The company operates in two segments, Marine Technology Products, and Equipment Leasing. The Marine Technology Products segment develops, manufactures, and sells proprietary products.

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Institutional Ownership by Quarter for Mitcham Industries (NASDAQ:MIND)

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