Insider Selling: TSS (NASDAQ:TSSI) CFO Sells 15,000 Shares of Stock

TSS Inc. (NASDAQ:TSSI) CFO Daniel Chism sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $16.17, for a total value of $242,550.00. Following the completion of the sale, the chief financial officer owned 296,219 shares in the company, valued at $4,789,861.23. This represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TSS Stock Up 0.4%

Shares of NASDAQ:TSSI opened at $15.75 on Friday. 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 52-week low of $4.89 and a 52-week high of $31.94. The stock’s fifty day simple moving average is $20.13 and its 200-day simple moving average is $15.32. The company has a market capitalization of $399.48 million, a P/E ratio of 43.75 and a beta of 1.77.

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

Hedge Funds Weigh In On TSS

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in TSS by 167.1% during the second quarter. Geode Capital Management LLC now owns 389,872 shares of the company’s stock worth $11,242,000 after buying an additional 243,910 shares during the period. Raymond James Financial Inc. purchased a new position in TSS during the second quarter worth about $8,862,000. 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 worth $2,024,000 after buying an additional 5,142 shares during the period. Value Aligned Research Advisors LLC lifted its position in TSS by 34.0% during the first quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company’s stock worth $1,979,000 after buying an additional 63,982 shares during the period. Finally, Jump Financial LLC purchased a new position in TSS during the second quarter worth about $6,801,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded TSS from a “buy” rating to a “hold” rating in a research report on Monday, June 23rd.

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.