TESSCO Technologies, Inc. (TESS) Director Morton Zifferer Sells 3,235 Shares

TESSCO Technologies, Inc. (NASDAQ:TESS) Director Morton Zifferer sold 3,235 shares of TESSCO Technologies stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $22.60, for a total transaction of $73,111.00. Following the sale, the director now owns 77,839 shares in the company, valued at approximately $1,759,161.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Morton Zifferer also recently made the following trade(s):

  • On Thursday, February 1st, Morton Zifferer sold 10,000 shares of TESSCO Technologies stock. The shares were sold at an average price of $22.17, for a total transaction of $221,700.00.

TESSCO Technologies, Inc. (TESS) traded down $0.90 during trading on Friday, hitting $21.90. 12,674 shares of the stock traded hands, compared to its average volume of 46,086. The company has a market capitalization of $183.90 and a PE ratio of 57.63. TESSCO Technologies, Inc. has a 52-week low of $12.15 and a 52-week high of $23.65.

TESSCO Technologies (NASDAQ:TESS) last posted its earnings results on Tuesday, January 23rd. The communications equipment provider reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.11. TESSCO Technologies had a net margin of 0.57% and a return on equity of 3.43%. The firm had revenue of $146.26 million during the quarter, compared to analyst estimates of $144.00 million. sell-side analysts expect that TESSCO Technologies, Inc. will post 0.56 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Tuesday, February 13th. TESSCO Technologies’s dividend payout ratio (DPR) is presently 210.53%.

Several hedge funds have recently bought and sold shares of TESS. Northern Trust Corp grew its holdings in shares of TESSCO Technologies by 1.8% in the second quarter. Northern Trust Corp now owns 71,148 shares of the communications equipment provider’s stock valued at $945,000 after purchasing an additional 1,228 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of TESSCO Technologies by 62.6% in the second quarter. Vanguard Group Inc. now owns 314,667 shares of the communications equipment provider’s stock valued at $4,185,000 after purchasing an additional 121,192 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of TESSCO Technologies by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 477,664 shares of the communications equipment provider’s stock valued at $6,353,000 after purchasing an additional 24,847 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of TESSCO Technologies by 26.5% in the second quarter. Stifel Financial Corp now owns 32,500 shares of the communications equipment provider’s stock valued at $434,000 after purchasing an additional 6,818 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of TESSCO Technologies by 8.2% in the second quarter. Goldman Sachs Group Inc. now owns 22,935 shares of the communications equipment provider’s stock valued at $305,000 after purchasing an additional 1,744 shares in the last quarter. 58.28% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of TESSCO Technologies from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Saturday, January 27th. TheStreet upgraded shares of TESSCO Technologies from a “c+” rating to a “b-” rating in a research report on Monday, December 11th.

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About TESSCO Technologies

TESSCO Technologies Incorporated architects and delivers the product and value chain solutions to organizations responsible for building, operating, maintaining and reselling cellular, mobile communications, wireless-fidelity (Wi-Fi), machine-to-machine, Internet of Things and wireless backhaul systems.

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