Macquarie Group Ltd. purchased a new stake in shares of Mitcham Industries, Inc. (NASDAQ:MIND) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 38,938 shares of the company’s stock, valued at approximately $136,000. Macquarie Group Ltd. owned approximately 0.32% of Mitcham Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MIND. Dimensional Fund Advisors LP raised its position in Mitcham Industries by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 965,801 shares of the company’s stock worth $4,732,000 after acquiring an additional 9,886 shares during the period. Renaissance Technologies LLC raised its position in Mitcham Industries by 5.3% in the first quarter. Renaissance Technologies LLC now owns 220,187 shares of the company’s stock worth $1,079,000 after acquiring an additional 11,087 shares during the period. New York State Common Retirement Fund raised its position in Mitcham Industries by 39.3% in the second quarter. New York State Common Retirement Fund now owns 208,400 shares of the company’s stock worth $809,000 after acquiring an additional 58,799 shares during the period. Finally, Prudential Financial Inc. raised its position in Mitcham Industries by 31.7% in the second quarter. Prudential Financial Inc. now owns 40,700 shares of the company’s stock worth $162,000 after acquiring an additional 9,800 shares during the period. 71.96% of the stock is currently owned by institutional investors.

Shares of Mitcham Industries, Inc. (NASDAQ:MIND) opened at $3.58 on Friday. The company has a market cap of $45.61, a PE ratio of -1.80 and a beta of 1.38. Mitcham Industries, Inc. has a 12-month low of $2.82 and a 12-month high of $3.97.

Mitcham Industries (NASDAQ:MIND) last announced its quarterly earnings data on Wednesday, December 6th. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.15). The company had revenue of $8.64 million during the quarter. Mitcham Industries had a negative return on equity of 34.04% and a negative net margin of 45.90%.

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About Mitcham Industries

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.

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

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