Mitcham Industries Inc 2018 Q2 Institutional Investor Sentiment Better Than Expected

Mitcham Industries, Inc. (NASDAQ:MIND) Logo

Sentiment for Mitcham Industries Inc (NASDAQ:MIND)

Mitcham Industries Inc (NASDAQ:MIND) institutional sentiment increased to 1.07 in Q2 2018. Its up 0.32, from 0.75 in 2018Q1. The ratio is more positive, as 16 institutional investors increased or started new equity positions, while 15 sold and reduced stock positions in Mitcham Industries Inc. The institutional investors in our partner’s database reported: 8.70 million shares, up from 8.04 million shares in 2018Q1. Also, the number of institutional investors holding Mitcham Industries Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 11 Increased: 8 New Position: 8.

Mitcham Industries, Inc., through its subsidiaries, leases, sells, and services equipment to the geophysical, oceanographic, and hydrographic industries worldwide. The company has market cap of $45.21 million. The firm operates in two divisions, Equipment Leasing, and Equipment Manufacturing and Sales. It currently has negative earnings. The Equipment Leasing segment leases seismic equipment for short-term primarily to seismic data acquisition contractors and oil field service providers.

The stock increased 2.75% or $0.1 during the last trading session, reaching $3.74. About 45,205 shares traded or 132.70% up from the average. Mitcham Industries, Inc. (NASDAQ:MIND) has risen 14.49% since December 8, 2017 and is uptrending. It has underperformed by 1.13% the S&P500.

Aegis Financial Corp holds 3.82% of its portfolio in Mitcham Industries, Inc. for 680,893 shares. Raffles Associates Lp owns 315,700 shares or 1.1% of their US portfolio. Moreover, First Wilshire Securities Management Inc has 0.39% invested in the company for 324,169 shares. The Connecticut-based Manatuck Hill Partners Llc has invested 0.39% in the stock. White Pine Capital Llc, a Minnesota-based fund reported 169,400 shares.

Since January 1, 0001, it had 1 insider purchase, and 0 selling transactions for $39,900 activity.

More notable recent Mitcham Industries, Inc. (NASDAQ:MIND) news were published by: Nasdaq.com which released: “This is Why Herman Miller (MLHR) is a Great Dividend Stock – Nasdaq” on December 04, 2018, also Nasdaq.com with their article: “5 Stocks To Avoid Right Now – Nasdaq” published on December 05, 2018, Nasdaq.com published: “Treasury Yield Inversion Has Raised Concerns Over Recession – Nasdaq” on December 04, 2018. More interesting news about Mitcham Industries, Inc. (NASDAQ:MIND) were released by: Nasdaq.com and their article: “Traders mind the rate gap as yuan steadies ahead of Trump-Xi talks – Nasdaq” published on November 21, 2018 as well as Nasdaq.com‘s news article titled: “Is HD Supply (HDS) a Great Value Stock Right Now? – Nasdaq” with publication date: November 28, 2018.

Mitcham Industries, Inc. (NASDAQ:MIND) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.