Stock Traders Buy Large Volume of Call Options on TSS (NASDAQ:TSSI)

TSS Inc. (NASDAQ:TSSIGet Free Report) was the target of some unusual options trading activity on Thursday. Investors acquired 10,416 call options on the company. This is an increase of approximately 213% compared to the average daily volume of 3,323 call options.

TSS Trading Down 2.7%

Shares of TSSI stock opened at $30.25 on Friday. TSS has a 12-month low of $2.11 and a 12-month high of $31.94. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 0.87. The firm’s 50 day moving average is $14.62 and its 200 day moving average is $12.18. The stock has a market capitalization of $756.86 million, a P/E ratio of 84.03 and a beta of 1.41.

TSS (NASDAQ:TSSIGet Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter. TSS had a net margin of 3.87% and a return on equity of 121.89%. The business had revenue of $98.96 million for the quarter.

Insider Buying and Selling at TSS

In other TSS news, SVP Kieran Brennan sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 323,000 shares of the company’s stock, valued at approximately $4,221,610. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 18.94% of the company’s stock.

Institutional Trading of TSS

Institutional investors and hedge funds have recently modified their holdings of the company. Palisades Investment Partners LLC increased its holdings in TSS by 2.0% in the 1st quarter. Palisades Investment Partners LLC now owns 257,865 shares of the company’s stock valued at $2,024,000 after acquiring an additional 5,142 shares during the last quarter. Value Aligned Research Advisors LLC increased its holdings in TSS by 34.0% in the 1st quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company’s stock valued at $1,979,000 after acquiring an additional 63,982 shares during the last quarter. NewEdge Advisors LLC increased its holdings in TSS by 536.7% in the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company’s stock valued at $1,112,000 after acquiring an additional 119,432 shares during the last quarter. Pacer Advisors Inc. bought a new stake in TSS in the 1st quarter valued at $1,087,000. Finally, Geode Capital Management LLC bought a new stake in TSS in the 4th quarter valued at $1,539,000.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of TSS from a “buy” rating to a “hold” rating in a report on Monday, June 23rd.

View Our Latest Report on TSS

About TSS

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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.

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