Ritholtz Wealth Management Takes $247,000 Position in TSS Inc. (NASDAQ:TSSI)

Ritholtz Wealth Management purchased a new stake in shares of TSS Inc. (NASDAQ:TSSI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,487 shares of the company’s stock, valued at approximately $247,000. Ritholtz Wealth Management owned 0.13% of TSS at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Tucker Asset Management LLC acquired a new position in TSS in the 4th quarter valued at approximately $34,000. Bank of America Corp DE acquired a new position in TSS in the 4th quarter valued at approximately $40,000. Tower Research Capital LLC TRC acquired a new position in TSS in the 4th quarter valued at approximately $42,000. Wells Fargo & Company MN acquired a new position in TSS in the 4th quarter valued at approximately $114,000. Finally, Lazard Asset Management LLC acquired a new position in TSS in the 4th quarter valued at approximately $114,000.

TSS Stock Performance

Shares of TSSI opened at $25.61 on Friday. The company’s fifty day moving average is $12.47 and its 200-day moving average is $11.52. TSS Inc. has a 12 month low of $1.85 and a 12 month high of $27.04. The firm has a market cap of $640.76 million, a price-to-earnings ratio of 71.14 and a beta of 1.41. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 0.87.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of TSS from a “hold” rating to a “buy” rating in a research note on Sunday, June 15th.

Insider Transactions at TSS

In other news, SVP Kieran Brennan sold 10,000 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $13.07, for a total transaction of $130,700.00. Following the transaction, the senior vice president now owns 323,000 shares in the company, valued at $4,221,610. This represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 18.94% of the stock is currently owned by company insiders.

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.