Acuitas Investments LLC Buys 65,356 Shares of Telos Corporation $TLS

Key Points

• Acuitas Investments LLC increased its stake in Telos Corporation by 14.3%, acquiring an additional 65,356 shares, bringing its total ownership to approximately 0.71% valued at $1,653,000.
• Recent analyst reports on Telos indicate a mix of ratings, with BMO Capital raising its price target to $4.50, while Weiss Ratings maintains a "sell" rating with a significant number of analysts rating it as "hold."
• Insider trading activity revealed that directors have sold a combined over 537,544 shares valued at approximately $3.57 million recently, indicating notable insider activity and a decrease in their ownership percentage.

Acuitas Investments LLC grew its stake in shares of Telos Corporation (NASDAQ:TLS - Free Report) by 14.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 521,413 shares of the company's stock after acquiring an additional 65,356 shares during the quarter. Acuitas Investments LLC owned about 0.71% of Telos worth $1,653,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Telos by 18.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,660 shares of the company's stock valued at $189,000 after acquiring an additional 11,980 shares during the period. American Century Companies Inc. lifted its position in shares of Telos by 12.8% during the 1st quarter. American Century Companies Inc. now owns 108,217 shares of the company's stock valued at $258,000 after acquiring an additional 12,284 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Telos by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,181,590 shares of the company's stock valued at $17,097,000 after acquiring an additional 611,978 shares during the period. Nuveen LLC bought a new stake in shares of Telos during the 1st quarter valued at $457,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Telos by 69.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,649 shares of the company's stock valued at $78,000 after acquiring an additional 10,100 shares during the period. 62.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TLS has been the subject of several recent analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Telos in a research report on Wednesday, October 8th. BMO Capital Markets restated a "market perform" rating and set a $4.50 price objective (up from $2.25) on shares of Telos in a research report on Tuesday, August 12th. DA Davidson upped their price objective on Telos from $2.25 to $4.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded Telos from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Wedbush upped their price objective on Telos from $6.00 to $9.00 and gave the stock an "outperform" rating in a research report on Monday. Two research 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. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $5.83.

Telos Price Performance

Shares of TLS opened at $7.45 on Friday. Telos Corporation has a 12-month low of $1.83 and a 12-month high of $7.58. The business has a 50-day simple moving average of $6.65 and a two-hundred day simple moving average of $4.11. The company has a quick ratio of 2.55, a current ratio of 2.65 and a debt-to-equity ratio of 0.06. The stock has a market cap of $541.62 million, a PE ratio of -9.68 and a beta of 1.07.

Insider Buying and Selling

In other news, Director John W. Maluda sold 52,595 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $6.60, for a total value of $347,127.00. Following the completion of the sale, the director owned 185,387 shares of the company's stock, valued at approximately $1,223,554.20. This represents a 22.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Bradley W. Jacobs sold 25,000 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $6.26, for a total value of $156,500.00. Following the completion of the sale, the director directly owned 188,293 shares of the company's stock, valued at approximately $1,178,714.18. The trade was a 11.72% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 537,544 shares of company stock valued at $3,579,041. Corporate 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.

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