Tieton Capital Maintains 5.6% Stake in Geospace Technologies
Ticker: GEOS · Form: SC 13G/A · Filed: Feb 1, 2024 · CIK: 1001115
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, investment-adviser
TL;DR
**Tieton Capital still holds 5.6% of Geospace Technologies, showing continued conviction.**
AI Summary
Tieton Capital Management, LLC, an investment adviser based in Washington, filed an amended SC 13G/A on February 1, 2024, disclosing its beneficial ownership of 732,882 shares of Geospace Technologies Corp. common stock as of December 31, 2023. This represents 5.6% of the company's outstanding shares, indicating a significant, though not controlling, stake. This matters to investors because it shows a notable institutional investor maintains a substantial position in Geospace Technologies, potentially signaling confidence in the company's future.
Why It Matters
This filing confirms a significant institutional investor's continued interest in Geospace Technologies, which can influence market perception and potentially provide a floor for the stock price.
Risk Assessment
Risk Level: low — This filing is an update on an existing position, not a new acquisition or disposal, indicating stability rather than immediate risk.
Analyst Insight
Investors should note that a significant institutional holder is maintaining its position, which could be a positive signal, but further research into Geospace Technologies' fundamentals and Tieton Capital's investment strategy is warranted.
Key Numbers
- 732,882 — Shares Beneficially Owned (This is the total number of Geospace Technologies shares Tieton Capital Management, LLC holds with shared voting and dispositive power.)
- 5.6% — Percentage of Class (This represents the portion of Geospace Technologies' common stock owned by Tieton Capital Management, LLC, indicating a significant stake.)
Key Players & Entities
- Tieton Capital Management, LLC (company) — the reporting person and investment adviser
- Geospace Technologies Corp. (company) — the subject company whose shares are being reported
- 732,882 (dollar_amount) — number of shares beneficially owned
- 5.6% (dollar_amount) — percentage of class represented by shares owned
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- Tieton Capital Management will likely maintain its significant stake in Geospace Technologies for the near future. (Tieton Capital Management, LLC) — medium confidence, target: Q2 2024
FAQ
What is the primary purpose of this SC 13G/A filing?
This SC 13G/A is an amendment (Amendment No. 1) filed by Tieton Capital Management, LLC to update its beneficial ownership of Geospace Technologies Corp. common stock as of December 31, 2023, under Rule 13d-1(b).
Which entity is the reporting person in this filing?
The reporting person is Tieton Capital Management, LLC, an investment adviser based in Washington, with IRS Identification No. 20-2956186.
How many shares of Geospace Technologies Corp. does Tieton Capital Management, LLC beneficially own?
Tieton Capital Management, LLC beneficially owns an aggregate amount of 732,882 shares of Geospace Technologies Corp. common stock, as stated in Row 9 of the filing.
What percentage of Geospace Technologies Corp.'s common stock does Tieton Capital Management, LLC own?
Tieton Capital Management, LLC owns 5.6% of the class of Geospace Technologies Corp. common stock, as indicated in Row 11 of the filing.
What type of reporting person is Tieton Capital Management, LLC according to the filing?
According to Row 12 of the filing, Tieton Capital Management, LLC is designated as 'IA', which stands for Investment Adviser.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 1, 2024 regarding GEOSPACE TECHNOLOGIES CORP (GEOS).