Dupree Financial Group LLC Makes New $684,000 Investment in TSS Inc. $TSSI

Key Points

• Dupree Financial Group LLC initiated a new position in TSS, purchasing 96,786 shares worth about $684,000, equal to roughly 0.34% of the company.
• Insider selling has been notable: CEO Darryll E. Dewan sold 50,000 shares at $15 and COO Karl Todd Marrott sold 23,636 shares at $15.11, with insiders offloading 176,649 shares (~$2.67M) over the past three months and now owning 18.94%.
• Analyst views are mixed—Needham initiated coverage with a Buy and a $16 target, while the consensus rating is a "Moderate Buy" with a $17.17 price target.

Dupree Financial Group LLC purchased a new position in TSS Inc. (NASDAQ:TSSI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 96,786 shares of the company's stock, valued at approximately $684,000. Dupree Financial Group LLC owned approximately 0.34% of TSS at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. California State Teachers Retirement System bought a new stake in shares of TSS in the second quarter worth about $33,000. Bank of America Corp DE bought a new stake in shares of TSS in the fourth quarter worth about $40,000. BNP Paribas Financial Markets bought a new stake in shares of TSS in the second quarter worth about $45,000. Legal & General Group Plc bought a new stake in shares of TSS in the second quarter worth about $59,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of TSS by 81.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company's stock worth $90,000 after acquiring an additional 1,401 shares in the last quarter.

Insider Buying and Selling

In other news, CEO Darryll E. Dewan sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $15.00, for a total value of $750,000.00. Following the completion of the sale, the chief executive officer directly owned 554,471 shares of the company's stock, valued at $8,317,065. This trade represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Karl Todd Marrott sold 23,636 shares of the firm's stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $15.11, for a total value of $357,139.96. Following the completion of the sale, the chief operating officer directly owned 251,287 shares of the company's stock, valued at approximately $3,796,946.57. The trade was a 8.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 176,649 shares of company stock valued at $2,670,031. 18.94% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TSSI has been the subject of several recent analyst reports. Zacks Research upgraded TSS to a "hold" rating in a report on Tuesday, February 17th. Weiss Ratings restated a "hold (c-)" rating on shares of TSS in a report on Monday, December 29th. Needham & Company LLC assumed coverage on TSS in a report on Monday, March 30th. They issued a "buy" rating and a $16.00 price target for the company. Finally, Wall Street Zen cut TSS from a "hold" rating to a "sell" rating in a research report on Sunday, April 19th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.17.

TSS Stock Performance

Shares of NASDAQ TSSI opened at $15.75 on Friday. The stock has a 50 day moving average price of $11.81 and a 200 day moving average price of $11.58. TSS Inc. has a 52 week low of $6.50 and a 52 week high of $31.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.63. The stock has a market capitalization of $437.38 million, a PE ratio of 29.72 and a beta of 2.04.

TSS (NASDAQ:TSSI - Get Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The company reported $0.41 EPS for the quarter. TSS had a return on equity of 38.06% and a net margin of 6.16%.The firm had revenue of $60.91 million during the quarter. Analysts predict that TSS Inc. will post 0.27 earnings per share for the current fiscal year.

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. TSS Inc, formerly known as Fortress International Group, Inc, is based in Columbia, United States.

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