Prescott Group Capital Management L.L.C. Sells 151,603 Shares of Telos Corporation $TLS

Prescott Group Capital Management L.L.C. lowered its position in shares of Telos Corporation (NASDAQ:TLS) by 49.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,910 shares of the company’s stock after selling 151,603 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Telos were worth $501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Telos by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,181,590 shares of the company’s stock worth $17,097,000 after purchasing an additional 611,978 shares in the last quarter. Acuitas Investments LLC grew its position in shares of Telos by 14.3% during the 2nd quarter. Acuitas Investments LLC now owns 521,413 shares of the company’s stock valued at $1,653,000 after purchasing an additional 65,356 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Telos by 35.1% in the first quarter. GSA Capital Partners LLP now owns 482,171 shares of the company’s stock worth $1,148,000 after purchasing an additional 125,172 shares during the period. Tocqueville Asset Management L.P. raised its position in shares of Telos by 17.7% in the first quarter. Tocqueville Asset Management L.P. now owns 465,000 shares of the company’s stock worth $1,107,000 after buying an additional 70,000 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Telos in the first quarter worth $457,000. Institutional investors own 62.14% of the company’s stock.

Telos Price Performance

TLS opened at $6.38 on Friday. The company has a current ratio of 2.65, a quick ratio of 2.55 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $463.83 million, a P/E ratio of -8.29 and a beta of 1.07. The stock has a 50-day moving average price of $6.85 and a 200-day moving average price of $4.48. Telos Corporation has a 12-month low of $1.83 and a 12-month high of $7.72.

Wall Street Analyst Weigh In

TLS has been the subject of several recent analyst reports. Wall Street Zen upgraded Telos from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. B. Riley reiterated a “buy” rating on shares of Telos in a research report on Friday, October 17th. BMO Capital Markets reissued a “market perform” rating and set a $4.50 price objective (up previously from $2.25) on shares of Telos in a report on Tuesday, August 12th. Wedbush upped their price objective on shares of Telos from $6.00 to $9.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telos in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.83.

Insiders Place Their Bets

In other news, Director John W. Maluda sold 52,595 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $6.60, for a total value of $347,127.00. Following the completion of the sale, the director directly owned 185,387 shares in the company, valued at approximately $1,223,554.20. The trade was a 22.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bradley W. Jacobs sold 25,000 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $6.26, for a total transaction of $156,500.00. Following the transaction, the director directly owned 188,293 shares in the company, valued at approximately $1,178,714.18. This represents a 11.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 537,544 shares of company stock valued at $3,579,041 over the last 90 days. Company insiders own 14.90% of the company’s stock.

Telos Company Profile

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.