MITCHAM INDUSTR/SH (MIND) Posts Earnings Results, Misses Expectations By $0.28 EPS
MITCHAM INDUSTR/SH (NASDAQ:MIND) announced its quarterly earnings results on Thursday. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.28), Fidelity Earnings reports. MITCHAM INDUSTR/SH had a negative net margin of 67.30% and a negative return on equity of 39.33%.
Shares of NASDAQ MIND opened at $3.64 on Friday. MITCHAM INDUSTR/SH has a 52-week low of $2.86 and a 52-week high of $4.57.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Virginia National Bank purchased a new stake in shares of MITCHAM INDUSTR/SH during the 3rd quarter valued at about $455,000. Teton Advisors Inc. boosted its holdings in shares of MITCHAM INDUSTR/SH by 22.8% during the 2nd quarter. Teton Advisors Inc. now owns 140,069 shares of the company’s stock valued at $563,000 after acquiring an additional 26,000 shares during the last quarter. Manatuck Hill Partners LLC purchased a new stake in shares of MITCHAM INDUSTR/SH during the 2nd quarter valued at about $975,000. Vanguard Group Inc. boosted its holdings in shares of MITCHAM INDUSTR/SH by 9.6% during the 3rd quarter. Vanguard Group Inc. now owns 277,838 shares of the company’s stock valued at $1,153,000 after acquiring an additional 24,280 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of MITCHAM INDUSTR/SH by 11.3% during the 2nd quarter. Renaissance Technologies LLC now owns 308,200 shares of the company’s stock valued at $1,239,000 after acquiring an additional 31,300 shares during the last quarter. 72.43% of the stock is currently owned by hedge funds and other institutional investors.
About MITCHAM INDUSTR/SH
Mitcham Industries, Inc, through its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries worldwide. The company operates in two segments, Marine Technology Products, and Equipment Leasing. The Marine Technology Products segment develops, manufactures, and sells proprietary products.
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