Wealthspire Advisors LLC Makes New Investment in TSS, Inc. (NASDAQ:TSSI)

Wealthspire Advisors LLC bought a new position in TSS, Inc. (NASDAQ:TSSI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,146 shares of the company’s stock, valued at approximately $120,000.

Other hedge funds also recently bought and sold shares of the company. J.W. Cole Advisors Inc. acquired a new position in shares of TSS during the 4th quarter valued at about $289,000. ARS Investment Partners LLC acquired a new position in shares of TSS during the 4th quarter valued at about $404,000. D.A. Davidson & CO. acquired a new position in shares of TSS during the 4th quarter valued at about $850,000. Dakota Wealth Management acquired a new position in shares of TSS during the 4th quarter valued at about $988,000. Finally, New York State Common Retirement Fund acquired a new position in shares of TSS during the 4th quarter valued at about $1,112,000.

Insider Activity

In related news, Director Peter H. Woodward sold 50,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $9.07, for a total transaction of $453,500.00. Following the completion of the sale, the director now owns 1,183,521 shares in the company, valued at $10,734,535.47. This represents a 4.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Darryll E. Dewan sold 40,000 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.23, for a total value of $409,200.00. Following the sale, the chief executive officer now owns 390,914 shares of the company’s stock, valued at approximately $3,999,050.22. The trade was a 9.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 195,772 shares of company stock valued at $1,945,500. Insiders own 30.53% of the company’s stock.

TSS Stock Performance

Shares of NASDAQ TSSI opened at $10.89 on Friday. The firm has a market cap of $260.04 million, a price-to-earnings ratio of 60.50 and a beta of 0.84. The business’s 50-day simple moving average is $13.04 and its 200-day simple moving average is $9.12. TSS, Inc. has a 52 week low of $0.43 and a 52 week high of $18.26.

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.