Manatuck Hill Partners LLC Raises Holdings in One Stop Systems, Inc. $OSS

Manatuck Hill Partners LLC grew its position in One Stop Systems, Inc. (NASDAQ:OSS) by 100.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,000 shares of the company’s stock after buying an additional 50,000 shares during the quarter. Manatuck Hill Partners LLC owned 0.41% of One Stop Systems worth $718,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of One Stop Systems by 17.4% in the 3rd quarter. Vanguard Group Inc. now owns 872,700 shares of the company’s stock worth $4,678,000 after buying an additional 129,479 shares during the period. Jane Street Group LLC lifted its stake in shares of One Stop Systems by 85.2% during the 4th quarter. Jane Street Group LLC now owns 603,805 shares of the company’s stock worth $4,335,000 after purchasing an additional 277,763 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of One Stop Systems during the 3rd quarter worth $2,959,000. Marshall Wace LLP lifted its stake in shares of One Stop Systems by 1,130.1% during the 2nd quarter. Marshall Wace LLP now owns 476,393 shares of the company’s stock worth $1,691,000 after purchasing an additional 437,664 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of One Stop Systems during the 3rd quarter worth $1,566,000. 32.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings upgraded One Stop Systems from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, March 23rd. Zacks Research cut One Stop Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Roth Mkm restated a “buy” rating and set a $18.00 price objective on shares of One Stop Systems in a research note on Wednesday, May 6th. Lake Street Capital upped their price objective on One Stop Systems from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Finally, Alliance Global Partners restated a “buy” rating on shares of One Stop Systems in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, One Stop Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Insiders Place Their Bets

In other One Stop Systems news, Director Mitchell H. Herbets sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $17.62, for a total transaction of $88,100.00. Following the transaction, the director owned 48,984 shares in the company, valued at approximately $863,098.08. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director David George Bassett sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $17.64, for a total value of $141,120.00. Following the transaction, the director owned 24,984 shares in the company, valued at $440,717.76. This represents a 24.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 21,000 shares of company stock worth $369,380. 3.90% of the stock is owned by corporate insiders.

One Stop Systems Stock Performance

Shares of OSS stock opened at $18.18 on Thursday. The stock’s 50-day simple moving average is $14.03 and its 200-day simple moving average is $10.54. The firm has a market capitalization of $449.77 million, a PE ratio of 72.72 and a beta of 1.42. One Stop Systems, Inc. has a fifty-two week low of $3.46 and a fifty-two week high of $20.88.

One Stop Systems (NASDAQ:OSS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. The business had revenue of $8.07 million for the quarter, compared to analyst estimates of $6.98 million. One Stop Systems had a negative return on equity of 0.24% and a net margin of 12.44%. Sell-side analysts forecast that One Stop Systems, Inc. will post -0.08 earnings per share for the current year.

About One Stop Systems

One Stop Systems, Inc (NASDAQ: OSS) develops and manufactures high-performance computing and storage systems tailored for mission-critical and harsh-environment applications. The company’s solutions are designed to deliver accelerated processing, high-throughput data handling and reliability in confined or ruggedized form factors. OSS leverages advanced cooling, power management and custom enclosures to support demanding workloads in settings where off-the-shelf hardware may fall short.

The company’s product portfolio includes GPU-accelerated servers, embedded single-board computers, high-speed RAID storage arrays and integrated system solutions.