Mesirow Financial Investment Management Inc. Has $390,000 Stake in TSS Inc. (NASDAQ:TSSI)

Key Points

• Mesirow Financial Investment Management Inc. reduced its holdings in TSS Inc. by 53.7% during the first quarter, owning 49,643 shares after selling 57,643 shares, resulting in a stake valued at $390,000.
• Other institutional investors, such as Pacer Advisors Inc. and Victory Capital Management Inc., also adjusted their positions in TSS, with Victory Capital increasing its stake by 414.9%.
• TSS's stock was downgraded from a "buy" to a "hold" rating by Wall Street Zen, signaling a shift in analyst sentiment.

Mesirow Financial Investment Management Inc. lowered its stake in TSS Inc. (NASDAQ:TSSI - Free Report) by 53.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,643 shares of the company's stock after selling 57,643 shares during the quarter. Mesirow Financial Investment Management Inc. owned about 0.20% of TSS worth $390,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bank of America Corp DE acquired a new stake in TSS during the 4th quarter worth about $40,000. Tower Research Capital LLC TRC bought a new stake in shares of TSS in the 4th quarter valued at approximately $42,000. Wells Fargo & Company MN bought a new stake in shares of TSS in the 4th quarter valued at approximately $114,000. Lazard Asset Management LLC bought a new stake in shares of TSS in the 4th quarter valued at approximately $114,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of TSS in the 1st quarter valued at approximately $122,000.

Insider Transactions at TSS

In related news, SVP Kieran Brennan sold 10,000 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $13.07, for a total transaction of $130,700.00. Following the transaction, the senior vice president owned 323,000 shares of the company's stock, valued at approximately $4,221,610. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 18.94% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut TSS from a "buy" rating to a "hold" rating in a research report on Monday, June 23rd.

TSS Stock Performance

TSS stock traded down $0.07 during trading hours on Tuesday, reaching $29.19. 2,578,604 shares of the company were exchanged, compared to its average volume of 1,938,021. The firm has a market cap of $730.33 million, a price-to-earnings ratio of 81.09 and a beta of 1.67. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average of $23.22 and a 200 day moving average of $14.80. TSS Inc. has a 12 month low of $2.12 and a 12 month high of $31.94.

TSS (NASDAQ:TSSI - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.12 earnings per share (EPS) for the quarter. TSS had a net margin of 3.87% and a return on equity of 121.89%. The business had revenue of $98.96 million for the quarter.

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.