Tucows Inc. (NASDAQ:TCX) Stock Position Lifted by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its stake in Tucows Inc. by 123.6% in the first quarter, owning a total of 38,199 shares valued at approximately $645,000.
• CEO Elliot Noss sold 2,000 shares at an average price of $21.87, resulting in a total transaction value of $43,740, while still holding 444,498 shares of the company.
• Tucows reported an earnings per share (EPS) of ($1.37) for the last quarter, with total revenue of $94.61 million.

GSA Capital Partners LLP grew its position in shares of Tucows Inc. (NASDAQ:TCX - Free Report) TSE: TC by 123.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,199 shares of the information services provider's stock after purchasing an additional 21,112 shares during the quarter. GSA Capital Partners LLP owned approximately 0.35% of Tucows worth $645,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its stake in Tucows by 25.9% during the fourth quarter. Wells Fargo & Company MN now owns 4,213 shares of the information services provider's stock worth $72,000 after purchasing an additional 867 shares during the period. Bank of America Corp DE increased its stake in shares of Tucows by 34.2% during the fourth quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider's stock worth $165,000 after buying an additional 2,448 shares during the period. Barclays PLC increased its stake in shares of Tucows by 10.9% during the fourth quarter. Barclays PLC now owns 12,625 shares of the information services provider's stock worth $216,000 after buying an additional 1,240 shares during the period. Jane Street Group LLC increased its stake in shares of Tucows by 45.8% during the fourth quarter. Jane Street Group LLC now owns 19,901 shares of the information services provider's stock worth $341,000 after buying an additional 6,255 shares during the period. Finally, Millennium Management LLC purchased a new position in Tucows in the fourth quarter valued at approximately $361,000. Hedge funds and other institutional investors own 73.64% of the company's stock.

Tucows Stock Down 0.9%

Tucows stock traded down $0.17 during mid-day trading on Thursday, hitting $17.81. The company had a trading volume of 3,345 shares, compared to its average volume of 31,971. The stock has a market cap of $196.92 million, a price-to-earnings ratio of -1.92 and a beta of 0.81. Tucows Inc. has a 1 year low of $13.27 and a 1 year high of $24.23. The business has a fifty day moving average of $20.15 and a 200 day moving average of $18.24.

Tucows (NASDAQ:TCX - Get Free Report) TSE: TC last issued its quarterly earnings results on Thursday, May 8th. The information services provider reported ($1.37) earnings per share for the quarter. The company had revenue of $94.61 million during the quarter.

Insider Activity

In related news, CEO Elliot Noss sold 3,200 shares of Tucows stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $20.44, for a total transaction of $65,408.00. Following the completion of the sale, the chief executive officer owned 452,098 shares in the company, valued at approximately $9,240,883.12. This trade represents a 0.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 12,100 shares of company stock worth $254,135. Insiders own 9.40% of the company's stock.

Tucows Company Profile

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in North America and Europe. It operates in three segments: Ting, Wavelo and Tucows Domains. The Ting segment provides fiber and fixed wireless internet services. The Wavelo segment offers individual developer tools, subscription, billing management, network orchestration, and provisioning services.