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

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. Singular Research assumed coverage on shares of TSS in a research report on Tuesday, September 16th. They issued a "buy" rating and a $20.50 target price on the stock. Wall Street Zen cut shares of TSS from a "buy" rating to a "hold" rating in a research report on Monday, June 23rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $20.50.

Insider Activity

In related news, COO Karl Todd Marrott sold 11,100 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $16.17, for a total value of $179,487.00. Following the sale, the chief operating officer owned 295,575 shares of the company's stock, valued at $4,779,447.75. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel M. Chism sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $16.17, for a total transaction of $242,550.00. Following the completion of the sale, the chief financial officer directly owned 296,219 shares in the company, valued at approximately $4,789,861.23. This trade represents a 4.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,925 shares of company stock worth $1,099,233 in the last three months. Corporate insiders own 18.94% of the company's stock.

TSS Stock Up 16.9%

Shares of TSSI traded up $2.69 during mid-day trading on Monday, hitting $18.60. 5,773,112 shares of the company's stock were exchanged, compared to its average volume of 2,587,673. The company has a market cap of $471.70 million, a price-to-earnings ratio of 51.67 and a beta of 1.77. TSS Inc. has a fifty-two week low of $5.04 and a fifty-two week high of $31.94. 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 stock's 50-day moving average is $19.14 and its 200-day moving average is $15.61.

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

About TSS

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.