SLT Holdings LLC Purchases Shares of 12,854 TSS Inc. $TSSI

SLT Holdings LLC purchased a new stake in TSS Inc. (NASDAQ:TSSI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,854 shares of the company’s stock, valued at approximately $371,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Palisades Investment Partners LLC boosted its position in TSS by 2.0% in the 1st quarter. Palisades Investment Partners LLC now owns 257,865 shares of the company’s stock valued at $2,024,000 after buying an additional 5,142 shares during the period. Value Aligned Research Advisors LLC lifted its position in shares of TSS by 34.0% during the 1st quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company’s stock worth $1,979,000 after purchasing an additional 63,982 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of TSS by 536.7% during the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company’s stock worth $1,112,000 after purchasing an additional 119,432 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of TSS during the 1st quarter worth $1,087,000. Finally, Huntleigh Advisors Inc. lifted its position in shares of TSS by 9.8% during the 1st quarter. Huntleigh Advisors Inc. now owns 81,999 shares of the company’s stock worth $644,000 after purchasing an additional 7,319 shares during the last quarter.

TSS Price Performance

Shares of NASDAQ:TSSI opened at $17.67 on Friday. The company’s fifty day moving average price is $17.31 and its 200 day moving average price is $16.41. TSS Inc. has a 12 month low of $5.25 and a 12 month high of $31.94. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.81 and a quick ratio of 0.65. The firm has a market capitalization of $448.11 million, a P/E ratio of 49.08 and a beta of 1.73.

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

Analyst Ratings Changes

TSSI has been the subject of several recent analyst reports. Singular Research initiated coverage on shares of TSS in a research report on Tuesday, September 16th. They set a “buy” rating and a $20.50 price objective for the company. Wall Street Zen cut shares of TSS from a “buy” rating to a “hold” rating in a research report on Monday, June 23rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TSS in a research report on Wednesday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Insiders Place Their Bets

In other TSS news, CFO Daniel M. Chism sold 15,000 shares of TSS stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $16.17, for a total value of $242,550.00. Following the transaction, the chief financial officer directly owned 296,219 shares in the company, valued at approximately $4,789,861.23. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Karl Todd Marrott sold 23,908 shares of TSS stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $16.16, for a total transaction of $386,353.28. Following the completion of the transaction, the chief operating officer owned 306,675 shares in the company, valued at approximately $4,955,868. This represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,925 shares of company stock worth $1,099,233. 18.94% of the stock is currently owned by company insiders.

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.