Integrated Wealth Concepts LLC Acquires Shares of 11,700 Genasys Inc. (NASDAQ:GNSS)

Posted by on Aug 8th, 2023

Integrated Wealth Concepts LLC bought a new stake in Genasys Inc. (NASDAQ:GNSS – Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,700 shares of the company’s stock, valued at approximately $35,000.

A number of other large investors have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. purchased a new position in Genasys in the 1st quarter worth approximately $67,000. Legato Capital Management LLC acquired a new position in Genasys in the 4th quarter worth $81,000. BOKF NA purchased a new position in Genasys in the 4th quarter valued at about $150,000. Capital Advisors Inc. OK acquired a new stake in shares of Genasys during the first quarter valued at about $260,000. Finally, State Street Corp increased its position in shares of Genasys by 7.5% during the first quarter. State Street Corp now owns 135,969 shares of the company’s stock worth $374,000 after acquiring an additional 9,460 shares during the last quarter. Institutional investors and hedge funds own 39.46% of the company’s stock.

Genasys Stock Performance

NASDAQ:GNSS opened at $2.67 on Tuesday. The stock has a market cap of $98.74 million, a price-to-earnings ratio of -4.58 and a beta of 0.32. Genasys Inc. has a one year low of $2.28 and a one year high of $4.23. The business’s 50-day simple moving average is $2.75 and its 200 day simple moving average is $3.04.

Genasys (NASDAQ:GNSS – Get Free Report) last posted its quarterly earnings data on Monday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The business had revenue of $11.21 million for the quarter, compared to analysts’ expectations of $11.78 million. Genasys had a negative return on equity of 13.65% and a negative net margin of 41.10%. On average, equities research analysts predict that Genasys Inc. will post -0.24 EPS for the current year.

Genasys Company Profile

(Free Report)

Genasys, Inc engages in the provision of critical communications hardware and software solutions and a multi-channel approach to deliver geo-targeted alerts, notifications, instructions, and information before, during, and after public safety threats and critical business events. Its communications platform includes Genasys Emergency Management (GEM) applications, National Emergency Warning Systems (NEWS), and LRAD long-range voice broadcast systems.

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Institutional Ownership by Quarter for Genasys (NASDAQ:GNSS)

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