TSS Inc. $TSSI Shares Acquired by Value Aligned Research Advisors LLC

Key Points

• Value Aligned Research Advisors LLC increased its stake in TSS Inc. by 34%, acquiring an additional 63,982 shares, bringing its total ownership to 252,128 shares.
• TSS Inc. shares traded down by 9.7%, with the stock currently priced at $13.93 and a market cap of $353.26 million.
• Insider activity saw CFO Daniel M. Chism and COO Karl Todd Marrott selling shares, resulting in a decrease in their holdings by 3.07% and 7.23%, respectively.

Value Aligned Research Advisors LLC grew its position in TSS Inc. (NASDAQ:TSSI - Free Report) by 34.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 252,128 shares of the company's stock after buying an additional 63,982 shares during the period. TSS accounts for about 0.1% of Value Aligned Research Advisors LLC's portfolio, making the stock its 29th largest position. Value Aligned Research Advisors LLC owned approximately 1.01% of TSS worth $1,979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Palisades Investment Partners LLC lifted its position in TSS by 2.0% during the first quarter. Palisades Investment Partners LLC now owns 257,865 shares of the company's stock valued at $2,024,000 after acquiring an additional 5,142 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in TSS during the first quarter valued at approximately $1,087,000. Huntleigh Advisors Inc. lifted its position in TSS by 9.8% during the first quarter. Huntleigh Advisors Inc. now owns 81,999 shares of the company's stock valued at $644,000 after acquiring an additional 7,319 shares during the last quarter. JT Stratford LLC lifted its position in TSS by 8.8% during the first quarter. JT Stratford LLC now owns 71,321 shares of the company's stock valued at $560,000 after acquiring an additional 5,776 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in TSS during the first quarter valued at approximately $517,000.

TSS Stock Performance

NASDAQ TSSI traded down $0.66 on Wednesday, hitting $12.38. 2,209,735 shares of the company's stock traded hands, compared to its average volume of 3,359,344. The firm's 50-day moving average price is $22.12 and its two-hundred day moving average price is $15.25. The firm has a market capitalization of $313.96 million, a PE ratio of 38.68 and a beta of 1.77. 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 Inc. has a 1-year low of $4.61 and a 1-year high of $31.94.

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

Insiders Place Their Bets

In related news, COO Karl Todd Marrott sold 23,908 shares of the business'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 transaction, the chief operating officer directly owned 306,675 shares in the company, valued at $4,955,868. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Daniel M. Chism sold 10,000 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $16.25, for a total transaction of $162,500.00. Following the transaction, the chief financial officer owned 316,219 shares of the company's stock, valued at $5,138,558.75. This represents a 3.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,825 shares of company stock valued at $677,196 over the last 90 days. 18.94% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.