Huntleigh Advisors Inc. Sells 27,367 Shares of TSS Inc. $TSSI

Huntleigh Advisors Inc. reduced its stake in TSS Inc. (NASDAQ:TSSI - Free Report) by 33.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,632 shares of the company's stock after selling 27,367 shares during the quarter. Huntleigh Advisors Inc. owned 0.22% of TSS worth $1,575,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TSSI. Bank of America Corp DE bought a new stake in TSS in the 4th quarter valued at $40,000. State of Wyoming bought a new stake in TSS in the 1st quarter valued at $77,000. Wealth Enhancement Advisory Services LLC bought a new stake in TSS in the 1st quarter valued at $122,000. Pinnacle Wealth Planning Services Inc. bought a new stake in TSS in the 1st quarter valued at $143,000. Finally, Ritholtz Wealth Management bought a new stake in TSS in the 1st quarter valued at $247,000.

Insider Activity

In related news, CFO Daniel M. Chism sold 15,000 shares of the company's stock in a transaction dated 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 owned 296,219 shares in the company, valued at approximately $4,789,861.23. This represents a 4.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Karl Todd Marrott sold 23,908 shares of the company's stock in a transaction dated 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 trade represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,925 shares of company stock worth $1,099,233 over the last 90 days. 18.94% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TSSI shares. Wall Street Zen cut shares of TSS from a "buy" rating to a "hold" rating in a research report on Monday, June 23rd. Weiss Ratings reissued a "hold (c+)" rating on shares of TSS in a research report on Wednesday, October 8th. Finally, 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 target on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $20.50.

TSS Trading Down 5.5%

Shares of NASDAQ:TSSI opened at $16.20 on Friday. The stock has a market capitalization of $410.83 million, a PE ratio of 45.00 and a beta of 1.73. The company's 50-day moving average price is $16.49 and its two-hundred day moving average price is $16.73. TSS Inc. has a one year low of $5.63 and a one year 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.

TSS (NASDAQ:TSSI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.06 earnings per share for the quarter. The company 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.

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