Grace & White Inc. NY Has $2.70 Million Stock Holdings in Dawson Geophysical Company $DWSN

Grace & White Inc. NY reduced its position in shares of Dawson Geophysical Company (NASDAQ:DWSN) by 14.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 779,143 shares of the oil and gas company’s stock after selling 127,403 shares during the quarter. Grace & White Inc. NY’s holdings in Dawson Geophysical were worth $2,696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DWSN. HRT Financial LP acquired a new stake in Dawson Geophysical during the 4th quarter worth approximately $26,000. Virtu Financial LLC bought a new stake in Dawson Geophysical during the 4th quarter worth approximately $29,000. Bridgeway Capital Management LLC increased its position in Dawson Geophysical by 83.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 9,900 shares during the period. Teton Advisors LLC acquired a new position in Dawson Geophysical in the 3rd quarter valued at approximately $35,000. Finally, Jane Street Group LLC bought a new position in shares of Dawson Geophysical during the second quarter valued at $52,000. Institutional investors and hedge funds own 7.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DWSN shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dawson Geophysical in a report on Friday, March 27th. Wall Street Zen upgraded Dawson Geophysical from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Dawson Geophysical Price Performance

Shares of DWSN opened at $5.33 on Friday. Dawson Geophysical Company has a 1 year low of $1.26 and a 1 year high of $5.33. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $165.50 million, a price-to-earnings ratio of 35.53 and a beta of -0.08. The business has a 50-day moving average of $3.92 and a 200-day moving average of $3.02.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings data on Thursday, May 14th. The oil and gas company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.54. Dawson Geophysical had a return on equity of 26.74% and a net margin of 4.91%.The company had revenue of $36.70 million for the quarter, compared to analyst estimates of $27.20 million.

Dawson Geophysical Profile

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company’s fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.