SLT Holdings LLC Acquires Shares of 12,854 TSS Inc. $TSSI

SLT Holdings LLC acquired a new stake in TSS Inc. (NASDAQ:TSSI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,854 shares of the company’s stock, valued at approximately $371,000. SLT Holdings LLC owned about 0.05% of TSS at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TSSI. Pacer Advisors Inc. acquired a new stake in TSS in the 1st quarter valued at about $1,087,000. NewEdge Advisors LLC increased its holdings in shares of TSS by 536.7% during the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company’s stock worth $1,112,000 after buying an additional 119,432 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of TSS during the 1st quarter worth approximately $517,000. Value Aligned Research Advisors LLC increased its holdings in shares of TSS by 34.0% during the 1st 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 last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of TSS by 414.9% during the 1st quarter. Victory Capital Management Inc. now owns 53,447 shares of the company’s stock worth $420,000 after buying an additional 43,067 shares during the last quarter.

TSS Stock Performance

NASDAQ:TSSI opened at $17.67 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.81. The stock has a market capitalization of $448.11 million, a P/E ratio of 49.08 and a beta of 1.73. The company has a 50 day moving average price of $17.31 and a 200 day moving average price of $16.41. TSS Inc. has a fifty-two week low of $5.25 and a fifty-two week high of $31.94.

TSS (NASDAQ:TSSI) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.06 earnings per share for the quarter. The firm 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%.

Insider Buying and Selling

In related news, CFO Daniel M. Chism sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $16.17, for a total transaction of $242,550.00. Following the completion of the transaction, the chief financial officer owned 296,219 shares of the company’s stock, valued at approximately $4,789,861.23. This trade represents a 4.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Karl Todd Marrott sold 23,908 shares of the stock in a transaction that occurred on 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 directly owned 306,675 shares of the company’s stock, valued at $4,955,868. The trade was a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,925 shares of company stock valued at $1,099,233 in the last ninety days. 18.94% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TSSI has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of TSS from a “buy” rating to a “hold” rating in a report on Monday, June 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of TSS in a report on Wednesday. Finally, Singular Research initiated coverage on shares of TSS in a report on Tuesday, September 16th. They set a “buy” rating and a $20.50 price target for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, TSS presently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

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.