ARS Investment Partners LLC Sells 61,219 Shares of MIND Technology, Inc. (NASDAQ:MIND)

ARS Investment Partners LLC trimmed its stake in MIND Technology, Inc. (NASDAQ:MIND) by 16.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 302,054 shares of the company’s stock after selling 61,219 shares during the quarter. ARS Investment Partners LLC owned 0.21% of MIND Technology worth $2,398,000 at the end of the most recent quarter.

Separately, Virtu Financial LLC purchased a new position in shares of MIND Technology in the third quarter worth $43,000. Institutional investors own 9.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded MIND Technology from a “hold” rating to a “buy” rating in a research note on Monday.

MIND Technology Stock Performance

MIND Technology stock opened at $7.47 on Tuesday. The stock has a market cap of $10.53 million, a PE ratio of 2.40 and a beta of 0.90. MIND Technology, Inc. has a one year low of $3.05 and a one year high of $8.55. The stock has a fifty day moving average of $5.88 and a 200 day moving average of $4.68.

MIND Technology Company 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.