Mesirow Financial Investment Management Inc. Decreases Holdings 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 first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,643 shares of the company's stock after selling 57,643 shares during the period. Mesirow Financial Investment Management Inc. owned 0.20% of TSS worth $390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSSI. XTX Topco Ltd acquired a new stake in TSS during the first quarter valued at $517,000. Pacer Advisors Inc. acquired a new stake in TSS during the first quarter valued at $1,087,000. Victory Capital Management Inc. grew its position in TSS by 414.9% during the first quarter. Victory Capital Management Inc. now owns 53,447 shares of the company's stock valued at $420,000 after buying an additional 43,067 shares during the period. Palisades Investment Partners LLC grew its position in TSS by 2.0% during the first quarter. Palisades Investment Partners LLC now owns 257,865 shares of the company's stock valued at $2,024,000 after buying an additional 5,142 shares during the period. Finally, Huntleigh Advisors Inc. grew its position in TSS by 9.8% during the first quarter. Huntleigh Advisors Inc. now owns 81,999 shares of the company's stock valued at $644,000 after buying an additional 7,319 shares during the period.

Insider Buying and Selling

In other TSS news, SVP Kieran Brennan sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $13.50, for a total transaction of $67,500.00. Following the sale, the senior vice president directly owned 318,000 shares of the company's stock, valued at $4,293,000. This trade represents a 1.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 18.94% of the company's stock.

Analyst Upgrades and Downgrades

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

TSS Stock Performance

TSSI opened at $27.20 on Friday. 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 firm's 50-day moving average price is $22.62 and its 200 day moving average price is $14.53. TSS Inc. has a twelve month low of $2.12 and a twelve month high of $31.94. The firm has a market capitalization of $680.54 million, a PE ratio of 75.56 and a beta of 1.66.

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

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.

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