Value Aligned Research Advisors LLC Buys 63,982 Shares of TSS Inc. $TSSI

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 raised its position in TSS Inc. (NASDAQ:TSSI - Free Report) by 34.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,128 shares of the company's stock after purchasing an additional 63,982 shares during the quarter. TSS comprises approximately 0.1% of Value Aligned Research Advisors LLC's investment portfolio, making the stock its 29th biggest holding. Value Aligned Research Advisors LLC owned 1.01% of TSS worth $1,979,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of TSS in the first quarter valued at approximately $122,000. Northern Trust Corp bought a new position in shares of TSS in the fourth quarter valued at approximately $324,000. Ritholtz Wealth Management bought a new position in shares of TSS in the first quarter valued at approximately $247,000. Wells Fargo & Company MN bought a new position in shares of TSS in the fourth quarter valued at approximately $114,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of TSS in the fourth quarter valued at approximately $42,000.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at TSS

In other news, CFO Daniel M. Chism sold 5,000 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $16.20, for a total transaction of $81,000.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Karl Todd Marrott sold 23,908 shares of the business's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $16.16, for a total transaction of $386,353.28. Following the transaction, the chief operating officer owned 306,675 shares in the company, valued at approximately $4,955,868. The trade was a 7.23% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,825 shares of company stock valued at $677,196. 18.94% of the stock is owned by company insiders.

TSS Stock Up 4.6%

Shares of NASDAQ:TSSI traded up $0.59 during trading on Friday, reaching $13.53. 1,542,411 shares of the company traded hands, compared to its average volume of 2,125,832. The firm has a fifty day simple moving average of $21.75 and a 200 day simple moving average of $15.23. The company has a quick ratio of 0.65, a current ratio of 0.81 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. The firm has a market cap of $343.12 million, a P/E ratio of 37.58 and a beta of 1.77.

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

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.