Genasys Inc. (NASDAQ:GNSS) Shares Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC boosted its stake in shares of Genasys Inc. (NASDAQ:GNSS) by 251.1% during the 4th quarter, Holdings Channel reports. The firm owned 272,200 shares of the company’s stock after acquiring an additional 194,669 shares during the quarter. FNY Investment Advisers LLC’s holdings in Genasys were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC purchased a new position in Genasys in the 2nd quarter worth $875,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Genasys by 23.1% during the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock worth $1,666,000 after purchasing an additional 87,883 shares during the period. BOKF NA boosted its position in Genasys by 103.4% in the second quarter. BOKF NA now owns 172,250 shares of the company’s stock valued at $364,000 after buying an additional 87,550 shares during the last quarter. Geode Capital Management LLC increased its holdings in Genasys by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 483,882 shares of the company’s stock worth $1,724,000 after buying an additional 48,843 shares during the period. Finally, Cutter & CO Brokerage Inc. raised its position in Genasys by 12.0% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock worth $758,000 after buying an additional 22,750 shares during the last quarter. Institutional investors and hedge funds own 40.04% of the company’s stock.

Genasys Stock Performance

NASDAQ:GNSS opened at $2.73 on Tuesday. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average price is $3.24 and its 200-day moving average price is $3.15. The company has a market cap of $122.66 million, a P/E ratio of -3.79 and a beta of 0.59. Genasys Inc. has a twelve month low of $1.51 and a twelve month high of $4.04.

Insider Activity at Genasys

In other Genasys news, Director William H. Dodd bought 16,327 shares of Genasys stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $2.65 per share, for a total transaction of $43,266.55. Following the completion of the transaction, the director now directly owns 59,159 shares of the company’s stock, valued at $156,771.35. This trade represents a 38.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 3.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on GNSS shares. Ascendiant Capital Markets raised their target price on Genasys from $4.75 to $5.50 and gave the stock a “buy” rating in a report on Monday, December 16th. Roth Mkm upped their target price on Genasys from $3.50 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, September 19th.

About Genasys

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.