Tucows Inc. (NASDAQ:TCX) Shares Purchased 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 boosted its stake in shares of Tucows Inc. (NASDAQ:TCX - Free Report) TSE: TC by 123.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,199 shares of the information services provider's stock after buying an additional 21,112 shares during the quarter. GSA Capital Partners LLP owned 0.35% of Tucows worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Tucows in the first quarter valued at $8,625,000. Millennium Management LLC purchased a new position in Tucows during the 4th quarter valued at about $361,000. D. E. Shaw & Co. Inc. raised its position in Tucows by 32.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 23,911 shares of the information services provider's stock worth $410,000 after acquiring an additional 5,916 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Tucows by 34.2% in the fourth quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider's stock valued at $165,000 after purchasing an additional 2,448 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Tucows by 45.8% in the fourth quarter. Jane Street Group LLC now owns 19,901 shares of the information services provider's stock valued at $341,000 after purchasing an additional 6,255 shares in the last quarter. 73.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tucows

In related news, CEO Elliot Noss sold 2,000 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $21.87, for a total value of $43,740.00. Following the completion of the transaction, the chief executive officer owned 444,498 shares of the company's stock, valued at approximately $9,721,171.26. The trade was a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 13,600 shares of company stock worth $278,576 over the last quarter. 9.40% of the stock is owned by company insiders.

Tucows Price Performance

Shares of TCX opened at $16.51 on Friday. Tucows Inc. has a 1-year low of $13.27 and a 1-year high of $24.26. The stock has a market cap of $182.60 million, a price-to-earnings ratio of -1.79 and a beta of 0.81. The firm has a 50 day simple moving average of $20.21 and a 200-day simple moving average of $18.21.

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

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.

Want to see what other hedge funds are holding TCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tucows Inc. (NASDAQ:TCX - Free Report) TSE: TC.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.