Beddow Capital Management Inc Lowers stake in Dawson Geophysical Co (DWSN)

Dawson Geophysical Co (DWSN) : Beddow Capital Management Inc reduced its stake in Dawson Geophysical Co by 8.63% during the most recent quarter end. The investment management company now holds a total of 2,052,967 shares of Dawson Geophysical Co which is valued at $14,945,600 after selling 193,805 shares in Dawson Geophysical Co , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Dawson Geophysical Co makes up approximately 5.67% of Beddow Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag added DWSN to its portfolio by purchasing 30,694 company shares during the most recent quarter which is valued at $223,452.Blackrock Japan Ltd reduced its stake in DWSN by selling 5,142 shares or 73.66% in the most recent quarter. The Hedge Fund company now holds 1,839 shares of DWSN which is valued at $13,388.Alambic Investment Management boosted its stake in DWSN in the latest quarter, The investment management firm added 17,165 additional shares and now holds a total of 27,265 shares of Dawson Geophysical Co which is valued at $195,763. Dawson Geophysical Co makes up approx 0.04% of Alambic Investment Management’s portfolio. Strs Ohio added DWSN to its portfolio by purchasing 75,300 company shares during the most recent quarter which is valued at $569,268.

Dawson Geophysical Co opened for trading at $7.38 and hit $7.75 on the upside on Tuesday, eventually ending the session at $7.57, with a gain of 2.02% or 0.15 points. The heightened volatility saw the trading volume jump to 88,377 shares. Company has a market cap of $164 M.

Dawson Geophysical Company formerly TGC Industries Inc. is a provider of seismic data acquisition services throughout the United States and Canada. As of December 31 2014 the Company operated eight seismic crews consisting of three crews in the United States and five crews in Canada. These seismic crews supply seismic data primarily to companies engaged in the exploration and development of oil and natural gas on land and in land-to-water transition areas. Seismic acquisition services of its wholly owned subsidiary Eagle Canada Inc. (Eagle Canada) are also used by the potash mining industry in Canada and Eagle Canada is engaged in heliportable activities. It acquires geophysical data using three-dimensional (3-D) survey techniques. The Company provides its seismic data acquisition services primarily to onshore oil and natural gas exploration and development companies for use in the onshore drilling and production of oil and natural gas in the United States and Canada.

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