Ritholtz Wealth Management Makes New $247,000 Investment in TSS Inc. (NASDAQ:TSSI)

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

A number of other institutional investors have also added to or reduced their stakes in the company. Palisades Investment Partners LLC bought a new position in TSS during the fourth quarter worth about $2,997,000. Value Aligned Research Advisors LLC bought a new position in shares of TSS during the fourth quarter valued at $2,231,000. Geode Capital Management LLC acquired a new stake in shares of TSS in the 4th quarter valued at $1,539,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of TSS during the 4th quarter worth about $1,272,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of TSS during the 4th quarter worth about $1,112,000.

Insider Activity

In other news, SVP Kieran Brennan sold 5,000 shares of TSS stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $13.50, for a total transaction of $67,500.00. Following the completion of the sale, the senior vice president now owns 318,000 shares in the company, valued at $4,293,000. The trade was a 1.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 18.94% of the stock is owned by insiders.

TSS Price Performance

NASDAQ TSSI traded up $1.52 during trading hours on Tuesday, reaching $28.48. 2,820,623 shares of the company's stock were exchanged, compared to its average volume of 1,743,808. The firm has a fifty day moving average of $12.87 and a 200-day moving average of $11.66. TSS Inc. has a one year low of $2.03 and a one year high of $29.81. The stock has a market cap of $712.57 million, a PE ratio of 79.11 and a beta of 1.41. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 0.87.

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 121.89% and a net margin of 3.87%. The company had revenue of $98.96 million during the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of TSS from a "buy" rating to a "hold" rating in a research note on Monday.

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.