Dawson Geophysical Co (DWSN) Holdings Cut by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of Dawson Geophysical Co (NASDAQ:DWSN) by 9.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 791,802 shares of the oil and gas company’s stock after selling 80,250 shares during the period. Vanguard Group Inc. owned approximately 3.65% of Dawson Geophysical worth $3,104,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Menta Capital LLC boosted its holdings in Dawson Geophysical by 12.5% during the second quarter. Menta Capital LLC now owns 49,244 shares of the oil and gas company’s stock valued at $193,000 after acquiring an additional 5,473 shares during the period. LMR Partners LLP bought a new stake in Dawson Geophysical during the second quarter valued at about $199,000. GRT Capital Partners L.L.C. bought a new stake in Dawson Geophysical during the second quarter valued at about $203,000. US Bancorp DE boosted its holdings in Dawson Geophysical by 71.1% during the second quarter. US Bancorp DE now owns 169,029 shares of the oil and gas company’s stock valued at $663,000 after acquiring an additional 70,244 shares during the period. Finally, Wedge Capital Management L L P NC raised its position in shares of Dawson Geophysical by 22.8% during the second quarter. Wedge Capital Management L L P NC now owns 276,171 shares of the oil and gas company’s stock valued at $1,083,000 after buying an additional 51,200 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Separately, Zacks Investment Research raised shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th.

Dawson Geophysical Co (NASDAQ:DWSN) opened at $5.12 on Tuesday. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.04. Dawson Geophysical Co has a 52-week low of $3.70 and a 52-week high of $9.00.

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About Dawson Geophysical

Dawson Geophysical Company, formerly TGC Industries, Inc, is a provider of onshore seismic data acquisition and processing services with operations throughout the United States and Canada. The Company acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data for its clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries.

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Institutional Ownership by Quarter for Dawson Geophysical (NASDAQ:DWSN)

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