Ritholtz Wealth Management Acquires Shares of 31,487 TSS Inc. (NASDAQ:TSSI)

Ritholtz Wealth Management bought a new position in shares of TSS Inc. (NASDAQ:TSSI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 31,487 shares of the company's stock, valued at approximately $247,000. Ritholtz Wealth Management owned about 0.13% of TSS as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSSI. D.A. Davidson & CO. acquired a new stake in shares of TSS during the fourth quarter worth $850,000. Northern Trust Corp acquired a new stake in shares of TSS during the fourth quarter worth $324,000. Wells Fargo & Company MN acquired a new stake in shares of TSS during the fourth quarter worth $114,000. Rockefeller Capital Management L.P. acquired a new stake in shares of TSS during the fourth quarter worth $552,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of TSS during the fourth quarter worth $42,000.

Insider Transactions at TSS

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised TSS from a "hold" rating to a "buy" rating in a research note on Sunday, June 15th.

TSS Trading Up 7.8%

Shares of TSS stock traded up $1.85 during trading on Friday, reaching $25.61. 4,164,679 shares of the company were exchanged, compared to its average volume of 2,567,304. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 0.87. TSS Inc. has a twelve month low of $1.85 and a twelve month high of $27.04. The business has a 50-day moving average price of $12.47 and a 200-day moving average price of $11.53. The firm has a market capitalization of $640.76 million, a price-to-earnings ratio of 71.14 and a beta of 1.40.

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

TSS Company 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.