Wealth Enhancement Advisory Services LLC Invests $122,000 in TSS Inc. (NASDAQ:TSSI)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of TSS Inc. (NASDAQ:TSSI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,500 shares of the company's stock, valued at approximately $122,000. Wealth Enhancement Advisory Services LLC owned 0.06% of TSS at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tucker Asset Management LLC purchased a new position in TSS during the 4th quarter valued at about $34,000. Bank of America Corp DE purchased a new position in TSS during the 4th quarter valued at about $40,000. Tower Research Capital LLC TRC purchased a new position in TSS during the 4th quarter valued at about $42,000. Wells Fargo & Company MN purchased a new position in shares of TSS in the 4th quarter valued at about $114,000. Finally, Lazard Asset Management LLC purchased a new position in shares of TSS in the 4th quarter valued at about $114,000.

Insider Buying and Selling

In other news, SVP Kieran Brennan sold 10,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $13.07, for a total value of $130,700.00. Following the transaction, the senior vice president owned 323,000 shares of the company's stock, valued at approximately $4,221,610. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 18.94% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

TSS Stock Up 4.0%

TSSI stock traded up $0.82 during trading on Monday, hitting $21.32. 2,471,409 shares of the company's stock were exchanged, compared to its average volume of 1,849,918. The business has a 50-day moving average price of $18.73 and a two-hundred day moving average price of $13.42. The stock has a market capitalization of $533.43 million, a price-to-earnings ratio of 59.22 and a beta of 1.66. TSS Inc. has a 52-week low of $2.12 and a 52-week high of $31.94. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 0.87.

TSS (NASDAQ:TSSI - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.12 EPS for the quarter. The company had revenue of $98.96 million for the quarter. TSS had a return on equity of 121.89% and a net margin of 3.87%.

TSS 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.