Palisades Investment Partners LLC Makes New Investment in TSS, Inc. (NASDAQ:TSSI)

Palisades Investment Partners LLC purchased a new stake in shares of TSS, Inc. (NASDAQ:TSSI - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 252,723 shares of the company's stock, valued at approximately $2,997,000. TSS comprises about 1.3% of Palisades Investment Partners LLC's investment portfolio, making the stock its 28th largest holding. Palisades Investment Partners LLC owned about 1.06% of TSS as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Tucker Asset Management LLC purchased a new position in TSS during the 4th quarter worth $34,000. Bank of America Corp DE purchased a new position in TSS during the 4th quarter worth $40,000. Tower Research Capital LLC TRC purchased a new position in TSS during the 4th quarter worth $42,000. Wells Fargo & Company MN purchased a new position in TSS during the 4th quarter worth $114,000. Finally, Lazard Asset Management LLC purchased a new position in TSS during the 4th quarter worth $114,000.

TSS Trading Down 3.0%

Shares of NASDAQ:TSSI traded down $0.40 on Tuesday, reaching $12.78. The company had a trading volume of 1,123,187 shares, compared to its average volume of 1,509,647. TSS, Inc. has a 52-week low of $1.48 and a 52-week high of $18.26. The firm's 50 day simple moving average is $8.41 and its 200-day simple moving average is $10.31. The firm has a market capitalization of $319.76 million, a PE ratio of 71.00 and a beta of 0.95.

TSS (NASDAQ:TSSI - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter. TSS had a return on equity of 87.89% and a net margin of 3.59%. The firm had revenue of $98.96 million for the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded TSS from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

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.