Stratos Wealth Partners LTD. Trims Holdings in MIND Technology, Inc. $MIND

Stratos Wealth Partners LTD. trimmed its holdings in shares of MIND Technology, Inc. (NASDAQ:MIND) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,680 shares of the company’s stock after selling 4,000 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in MIND Technology were worth $706,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. IFP Advisors Inc increased its stake in MIND Technology by 100.0% in the 1st quarter. IFP Advisors Inc now owns 8,036 shares of the company’s stock worth $48,000 after buying an additional 4,018 shares during the period. Evernest Financial Advisors LLC purchased a new position in shares of MIND Technology during the second quarter worth approximately $127,000. ARS Wealth Advisors Group LLC bought a new stake in shares of MIND Technology during the second quarter valued at approximately $127,000. Brighton Jones LLC purchased a new stake in shares of MIND Technology in the 4th quarter worth $138,000. Finally, Informed Momentum Co LLC purchased a new position in MIND Technology during the 1st quarter valued at about $535,000. 9.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on MIND. Wall Street Zen downgraded shares of MIND Technology from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of MIND Technology in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, MIND Technology has a consensus rating of “Hold”.

MIND Technology Price Performance

Shares of NASDAQ:MIND opened at $10.48 on Thursday. The business’s 50-day moving average is $9.42 and its 200 day moving average is $7.93. MIND Technology, Inc. has a 1 year low of $3.48 and a 1 year high of $11.50. The firm has a market capitalization of $83.53 million, a P/E ratio of 3.23 and a beta of 0.56.

MIND Technology (NASDAQ:MIND) last posted its quarterly earnings data on Tuesday, September 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm had revenue of $13.56 million for the quarter, compared to the consensus estimate of $12.64 million. MIND Technology had a net margin of 8.81% and a return on equity of 15.85%. During the same quarter in the prior year, the company posted ($0.11) earnings per share.

MIND Technology Profile

MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries worldwide. Its primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; SeaLink towed seismic streamer system; and Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications.