Murchinson Ltd. Has $347,000 Stock Position in TSS Inc. $TSSI

Key Points

• Murchinson Ltd. significantly reduced its holding in TSS Inc. by 81.0% during the first quarter, owning just 44,173 shares valued at approximately $347,000 after selling 187,727 shares.
• Multiple hedge funds, including Wells Fargo and Northern Trust, have recently established new stakes in TSS, indicating ongoing interest from institutional investors.
• TSS stock experienced a 6.0% increase in value, opening at $13.71, and has a market capitalization of $347.69 million.

Murchinson Ltd. trimmed its position in shares of TSS Inc. (NASDAQ:TSSI - Free Report) by 81.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,173 shares of the company's stock after selling 187,727 shares during the period. Murchinson Ltd. owned about 0.18% of TSS worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. NewEdge Advisors LLC raised its holdings in TSS by 536.7% during the first quarter. NewEdge Advisors LLC now owns 141,686 shares of the company's stock valued at $1,112,000 after buying an additional 119,432 shares in the last quarter. Value Aligned Research Advisors LLC raised its holdings in TSS by 34.0% during the first quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company's stock valued at $1,979,000 after buying an additional 63,982 shares in the last quarter. Pinnacle Wealth Planning Services Inc. bought a new position in TSS during the first quarter valued at about $143,000. State of Wyoming bought a new position in TSS during the first quarter valued at about $77,000. Finally, OMERS ADMINISTRATION Corp raised its holdings in TSS by 34.1% during the first quarter. OMERS ADMINISTRATION Corp now owns 35,400 shares of the company's stock valued at $278,000 after buying an additional 9,000 shares in the last quarter.

Analyst Ratings Changes

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

TSS Stock Performance

TSSI stock traded down $0.29 during trading on Thursday, reaching $15.67. 1,241,924 shares of the stock were exchanged, compared to its average volume of 2,140,141. TSS Inc. has a twelve month low of $4.80 and a twelve month high of $31.94. The company has a market capitalization of $397.39 million, a P/E ratio of 43.53 and a beta of 1.77. The stock has a 50 day simple moving average of $20.62 and a 200-day simple moving average of $15.23. The company has a current ratio of 0.81, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

TSS (NASDAQ:TSSI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $43.97 million for the quarter. TSS had a return on equity of 107.01% and a net margin of 3.43%.

Insider Buying and Selling at TSS

In other TSS news, CFO Daniel M. Chism sold 5,000 shares of the company's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $16.20, for a total transaction of $81,000.00. Following the completion of the sale, the chief financial officer owned 311,219 shares in the company, valued at approximately $5,041,747.80. The trade was a 1.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Karl Todd Marrott sold 23,908 shares of the company's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $16.16, for a total transaction of $386,353.28. Following the completion of the sale, the chief operating officer owned 306,675 shares of the company's stock, valued at approximately $4,955,868. This represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,825 shares of company stock valued at $677,196 in the last quarter. Corporate insiders own 18.94% of the company's stock.

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.