TSS Inc. $TSSI Shares Sold by ARS Investment Partners LLC

ARS Investment Partners LLC decreased its holdings in TSS Inc. (NASDAQ:TSSI) by 53.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,715 shares of the company’s stock after selling 18,326 shares during the period. ARS Investment Partners LLC owned about 0.06% of TSS worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of TSSI. Bank of America Corp DE purchased a new position in TSS in the fourth quarter worth approximately $40,000. Victory Capital Management Inc. increased its position in shares of TSS by 414.9% in the 1st quarter. Victory Capital Management Inc. now owns 53,447 shares of the company’s stock valued at $420,000 after purchasing an additional 43,067 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of TSS during the 1st quarter worth $1,087,000. XTX Topco Ltd purchased a new stake in shares of TSS during the 1st quarter worth $517,000. Finally, JT Stratford LLC grew its stake in shares of TSS by 8.8% during the first quarter. JT Stratford LLC now owns 71,321 shares of the company’s stock worth $560,000 after purchasing an additional 5,776 shares in the last quarter.

TSS Trading Down 1.5%

NASDAQ TSSI opened at $7.93 on Wednesday. The firm’s fifty day moving average is $16.89 and its two-hundred day moving average is $18.32. TSS Inc. has a one year low of $5.63 and a one year high of $31.94. 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 firm has a market cap of $228.74 million, a PE ratio of 22.03 and a beta of 1.69.

TSS (NASDAQ:TSSI) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) EPS for the quarter. TSS had a net margin of 3.43% and a return on equity of 107.01%. The company had revenue of $41.88 million for the quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen downgraded TSS from a “hold” rating to a “strong sell” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TSS in a report on Thursday, November 13th. Finally, Singular Research started coverage on shares of TSS in a report on Tuesday, September 16th. They set a “buy” rating and a $20.50 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.50.

Insider Activity at TSS

In other TSS news, COO Karl Todd Marrott sold 11,100 shares of the business’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 $179,487.00. Following the transaction, the chief operating officer directly owned 295,575 shares of the company’s stock, valued at approximately $4,779,447.75. The trade was a 3.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel M. Chism sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $16.17, for a total transaction of $242,550.00. Following the transaction, the chief financial officer owned 296,219 shares of the company’s stock, valued at approximately $4,789,861.23. The trade was a 4.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 67,925 shares of company stock valued at $1,099,233 in the last 90 days. Company insiders own 18.94% of the company’s stock.

About TSS

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.