GSA Capital Partners LLP Sells 17,263 Shares of Tucows Inc. (NASDAQ:TCX)

GSA Capital Partners LLP reduced its position in shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 32.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,215 shares of the information services provider’s stock after selling 17,263 shares during the period. GSA Capital Partners LLP owned approximately 0.32% of Tucows worth $736,000 at the end of the most recent quarter.

Separately, BNP Paribas Financial Markets lifted its position in Tucows by 81.5% in the 1st quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock worth $98,000 after buying an additional 2,371 shares during the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Tucows from a “sell” rating to a “hold” rating in a research report on Monday, August 12th.

Tucows Stock Up 1.5 %

Shares of Tucows stock opened at $15.99 on Monday. The firm has a market cap of $176.05 million, a PE ratio of -1.93 and a beta of 0.85. The company’s fifty day simple moving average is $19.67 and its two-hundred day simple moving average is $20.47. Tucows Inc. has a 12-month low of $15.01 and a 12-month high of $28.66.

Insider Activity at Tucows

In related news, CEO Elliot Noss sold 5,700 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $22.03, for a total value of $125,571.00. Following the completion of the sale, the chief executive officer now owns 511,058 shares of the company’s stock, valued at $11,258,607.74. This trade represents a 1.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 18,000 shares of company stock worth $369,639 in the last 90 days. Company insiders own 11.60% of the company’s stock.

Tucows Company Profile

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in North America and Europe. It operates in three segments: Ting, Wavelo and Tucows Domains. The Ting segment provides fiber and fixed wireless internet services. The Wavelo segment offers individual developer tools, subscription, billing management, network orchestration, and provisioning services.