Do Institutional Investors Hate Mitcham Industries Inc (NASDAQ:MIND)?

Mitcham Industries, Inc. (NASDAQ:MIND) Logo

Sentiment for Mitcham Industries Inc (NASDAQ:MIND)

Mitcham Industries Inc (NASDAQ:MIND) institutional sentiment decreased to 0.71 in 2018 Q4. Its down -0.93, from 1.64 in 2018Q3. The ratio worsened, as 10 active investment managers increased and started new stock positions, while 14 sold and decreased stakes in Mitcham Industries Inc. The active investment managers in our partner’s database now hold: 7.90 million shares, down from 8.55 million shares in 2018Q3. Also, the number of active investment managers holding Mitcham Industries Inc in their top 10 stock positions decreased from 1 to 0 for a decrease of 1. Sold All: 6 Reduced: 8 Increased: 2 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 $47.02 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 0.78% or $0.03 during the last trading session, reaching $3.88. About 1,912 shares traded. Mitcham Industries, Inc. (NASDAQ:MIND) has risen 16.81% since May 8, 2018 and is uptrending. It has outperformed by 12.44% the S&P500.

Raffles Associates Lp holds 0.97% of its portfolio in Mitcham Industries, Inc. for 332,700 shares. First Wilshire Securities Management Inc owns 312,709 shares or 0.3% of their US portfolio. Moreover, White Pine Capital Llc has 0.25% invested in the company for 240,200 shares. The Illinois-based Perritt Capital Management Inc has invested 0.17% in the stock. Ariel Investments Llc, a Illinois-based fund reported 2.96 million shares.

More notable recent Mitcham Industries, Inc. (NASDAQ:MIND) news were published by: Nasdaq.com which released: “Zacks.com featured highlights include: Quanta Services, Tutor Perini, Rocky Brands, J. Alexander’s and Popular – Nasdaq” on May 07, 2019, also Nasdaq.com with their article: “Will Gilead Stock Get A Needed Boost From This Week’s Earnings Report? – Nasdaq” published on April 30, 2019, Nasdaq.com published: “Why Comerica (CMA) is a Great Dividend Stock Right Now – Nasdaq” on April 26, 2019. More interesting news about Mitcham Industries, Inc. (NASDAQ:MIND) were released by: Nasdaq.com and their article: “Brookline Bancorp (BRKL) is a Top Dividend Stock Right Now: Should You Buy? – Nasdaq” published on April 29, 2019 as well as Nasdaq.com‘s news article titled: “Is AT&T’s Premium-Priced TV Strategy Working? – Nasdaq” with publication date: April 27, 2019.

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

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