Mitcham Industries Inc (NASDAQ:MIND) Institutional Investors Sentiment Index Dropped in 2018 Q1

June 17, 2018 - By Ellis Scott

Mitcham Industries, Inc. (NASDAQ:MIND) Logo

Sentiment for Mitcham Industries Inc (NASDAQ:MIND)

Mitcham Industries Inc (NASDAQ:MIND) institutional sentiment decreased to 0.75 in Q1 2018. Its down -0.33, from 1.08 in 2017Q4. The ratio dived, as 12 active investment managers increased or opened new equity positions, while 16 cut down and sold stakes in Mitcham Industries Inc. The active investment managers in our partner’s database now own: 8.04 million shares, up from 8.01 million shares in 2017Q4. Also, the number of active investment managers holding Mitcham Industries Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 12 Increased: 9 New Position: 3.

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 $51.37 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 decreased 6.39% or $0.29 during the last trading session, reaching $4.25. About 10,741 shares traded. Mitcham Industries, Inc. (NASDAQ:MIND) has declined 9.09% since June 17, 2017 and is downtrending. It has underperformed by 21.66% the S&P500.

Aegis Financial Corp holds 3.85% of its portfolio in Mitcham Industries, Inc. for 775,994 shares. First Wilshire Securities Management Inc owns 341,174 shares or 0.31% of their US portfolio. Moreover, Vnbtrust National Association has 0.21% invested in the company for 111,338 shares. The Illinois-based Perritt Capital Management Inc has invested 0.14% in the stock. Ariel Investments Llc, a Illinois-based fund reported 2.94 million shares.

More recent Mitcham Industries, Inc. (NASDAQ:MIND) news were published by: Streetinsider.com which released: “Mitcham Industries (MIND) Announces Increase In Order Bookings” on May 30, 2018. Also Seekingalpha.com published the news titled: “Mitcham Industries, Inc. (MIND) on Q1 2019 Results – Earnings Call Transcript” on June 07, 2018. Seekingalpha.com‘s news article titled: “Mitcham Industries down 4.5% post Q1 results” with publication date: June 07, 2018 was also an interesting one.

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

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