Caitong International Asset Management Co. Ltd Grows Stake in TSS Inc. $TSSI

Caitong International Asset Management Co. Ltd grew its position in shares of TSS Inc. (NASDAQ:TSSI) by 1,265.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,187 shares of the company’s stock after purchasing an additional 4,807 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in TSS were worth $150,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TSSI. Bank of America Corp DE purchased a new position in shares of TSS during the 4th quarter valued at $40,000. State of Wyoming purchased a new position in shares of TSS during the 1st quarter valued at $77,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of TSS during the 1st quarter valued at $122,000. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of TSS during the 1st quarter valued at $143,000. Finally, OMERS ADMINISTRATION Corp grew its position in shares of TSS by 34.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 35,400 shares of the company’s stock valued at $278,000 after purchasing an additional 9,000 shares in the last quarter.

Analyst Ratings Changes

Several research analysts recently issued reports on TSSI shares. Singular Research started coverage on shares of TSS in a research report on Tuesday, September 16th. They issued a “buy” rating and a $20.50 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of TSS in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, TSS presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

TSS Stock Performance

TSS stock opened at $17.05 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.81 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $432.39 million, a PE ratio of 47.36 and a beta of 1.73. The firm has a fifty day simple moving average of $16.38 and a two-hundred day simple moving average of $17.01. TSS Inc. has a twelve month low of $5.63 and a twelve month high of $31.94.

TSS (NASDAQ:TSSI) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $43.97 million during the quarter. TSS had a net margin of 3.43% and a return on equity of 107.01%.

Insider Activity

In other news, CFO Daniel M. Chism sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $16.17, for a total transaction of $242,550.00. Following the completion of the transaction, the chief financial officer directly owned 296,219 shares of the company’s stock, valued at approximately $4,789,861.23. This represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Karl Todd Marrott sold 23,908 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $16.16, for a total transaction of $386,353.28. Following the transaction, the chief operating officer directly owned 306,675 shares of the company’s stock, valued at approximately $4,955,868. This trade represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,925 shares of company stock valued at $1,099,233. Insiders own 18.94% of the company’s stock.

TSS Profile

TSS, Inc offers planning, design, engineering, construction management, commissioning and maintenance services. It provides these services primarily for specialized facilities such as data centers, communications rooms, call centers, laboratories, trading floors, network operations centers, medical facilities and similar environments.