Baader Bank Aktiengesellschaft Makes New Investment in TSS Inc. $TSSI

Key Points

• Baader Bank Aktiengesellschaft has acquired a new stake in TSS Inc., purchasing 26,500 shares valued at approximately $764,000 during Q2.
• TSS Inc. reported earnings of $0.06 per share for the last quarter, with revenues of $43.97 million and a net margin of 3.43%.
• Insider selling activity included COO Karl Todd Marrott selling 23,908 shares, representing a 7.23% decrease in their position, and CFO Daniel M. Chism selling 15,000 shares.

Baader Bank Aktiengesellschaft acquired a new position in shares of TSS Inc. (NASDAQ:TSSI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,500 shares of the company's stock, valued at approximately $764,000. Baader Bank Aktiengesellschaft owned approximately 0.11% of TSS at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE purchased a new position in shares of TSS during the fourth quarter worth about $40,000. State of Wyoming purchased a new position in shares of TSS during the first quarter worth about $77,000. Lazard Asset Management LLC purchased a new position in shares of TSS during the fourth quarter worth about $114,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of TSS during the first quarter worth about $122,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new position in shares of TSS during the first quarter worth about $143,000.

TSS Trading Up 4.8%

Shares of TSS stock traded up $0.73 during midday trading on Friday, reaching $15.91. 3,189,915 shares of the company's stock traded hands, compared to its average volume of 2,563,235. The stock has a 50 day moving average of $19.19 and a 200-day moving average of $15.50. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.81. The company has a market cap of $403.48 million, a PE ratio of 44.20 and a beta of 1.77. TSS Inc. has a 12 month low of $5.04 and a 12 month high of $31.94.

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

Insiders Place Their Bets

In other news, CFO Daniel M. Chism sold 15,000 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was 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 in the company, valued at $4,789,861.23. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Karl Todd Marrott sold 23,908 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $16.16, for a total value of $386,353.28. Following the sale, the chief operating officer directly owned 306,675 shares in the company, valued at $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. In the last quarter, insiders sold 67,925 shares of company stock valued at $1,099,233. 18.94% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TSSI has been the subject of several recent analyst reports. Wall Street Zen lowered TSS from a "buy" rating to a "hold" rating in a report on Monday, June 23rd. Singular Research began coverage on TSS in a research note on Tuesday, September 16th. They issued a "buy" rating and a $20.50 target price for the company. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $20.50.

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.