Vanguard Discloses 5.0% Passive Stake in Geospace Technologies

TL;DR

**Vanguard just revealed a 5% stake in Geospace Technologies, a bullish signal for the stock.**

AI Summary

The Vanguard Group, a major investment firm, reported on February 13, 2024, that it beneficially owns 5.0% of Geospace Technologies Corp's common stock as of December 29, 2023. This filing indicates Vanguard's passive investment in 679,058 shares, signaling their belief in the company's long-term prospects without seeking control. For investors, this means a significant institutional player sees value in Geospace, potentially lending credibility and stability to the stock.

Why It Matters

This filing shows a major institutional investor, Vanguard, has a significant stake in Geospace Technologies, which can be a vote of confidence for current and prospective shareholders.

Risk Assessment

Risk Level: low — This is a passive investment by a large institutional investor, which generally indicates stability rather than immediate risk.

Analyst Insight

A smart investor would view Vanguard's 5.0% passive stake as a positive signal, suggesting institutional confidence in Geospace Technologies Corp. This could warrant further research into the company's fundamentals and potentially considering it for a long-term portfolio.

Key Numbers

• 679,058 — Shares Beneficially Owned (Represents the total number of common stock shares of Geospace Technologies Corp owned by The Vanguard Group.)
• 5.0% — Percentage of Class (Indicates The Vanguard Group's ownership percentage of Geospace Technologies Corp's common stock.)

Key Players & Entities

• The Vanguard Group (company) — reporting person, beneficial owner of shares
• Geospace Technologies Corp (company) — issuer of the common stock
• 679,058 (dollar_amount) — number of shares beneficially owned by Vanguard
• 5.0% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G

Forward-Looking Statements

• Geospace Technologies Corp's stock price may experience increased stability due to institutional ownership. (Geospace Technologies Corp) — medium confidence, target: Within 6 months

FAQ

Filing Documents

• tv01011-geospacetechnologies.htm (SC 13G) — 11KB
• 0001104659-24-021013.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Geospace Technologies Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 7007 Pinemont Drive Houston, TX 77040-6601

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 37364X109

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration