Hancock Holding Co. purchased a new position in shares of Mitcham Industries Inc. (NASDAQ:MIND) during the second quarter, Holdings Channel reports. The fund purchased 28,163 shares of the company’s stock, valued at approximately $106,000. Hancock Holding Co. owned 0.23% of Mitcham Industries as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Mitcham Industries by 34.8% in the second quarter. Dimensional Fund Advisors LP now owns 965,237 shares of the company’s stock worth $3,620,000 after buying an additional 249,230 shares during the period. Boston Partners boosted its stake in Mitcham Industries by 17.9% in the second quarter. Boston Partners now owns 448,727 shares of the company’s stock valued at $1,683,000 after buying an additional 68,021 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Mitcham Industries by 15.3% in the first quarter. Renaissance Technologies LLC now owns 111,400 shares of the company’s stock valued at $341,000 after buying an additional 14,800 shares during the last quarter. Institutional investors own 62.06% of the company’s stock.
Mitcham Industries Inc. (NASDAQ:MIND) remained flat at $3.25 during midday trading on Friday. The stock’s market capitalization is $39.22 million. The company has a 50 day moving average price of $2.98 and a 200 day moving average price of $3.42. Mitcham Industries Inc. has a one year low of $2.24 and a one year high of $5.00.
Mitcham Industries (NASDAQ:MIND) last announced its quarterly earnings results on Wednesday, September 7th. The company reported ($0.80) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.49) by $0.31. Mitcham Industries had a negative net margin of 102.32% and a negative return on equity of 25.73%. The company earned $8.70 million during the quarter, compared to analyst estimates of $11.20 million. Equities research analysts forecast that Mitcham Industries Inc. will post ($2.10) EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Mitcham Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th.
Mitcham Industries Company Profile
Mitcham Industries, Inc is a provider of equipment to the geophysical, oceanographic and hydrographic industries. The Company operates through two segments. The Equipment Leasing segment is primarily engaged in the leasing of seismic equipment to companies in the oil and gas industry across the world.
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