ARS Investment Partners LLC Takes $404,000 Position in TSS, Inc. (NASDAQ:TSSI)

ARS Investment Partners LLC purchased a new stake in shares of TSS, Inc. (NASDAQ:TSSI) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 34,041 shares of the company’s stock, valued at approximately $404,000.

TSS Price Performance

Shares of NASDAQ:TSSI opened at $12.01 on Tuesday. TSS, Inc. has a 1-year low of $0.24 and a 1-year high of $14.49. The business has a fifty day moving average price of $10.37 and a 200-day moving average price of $6.86. The company has a market capitalization of $286.80 million, a PE ratio of 66.73 and a beta of 0.85.

Insider Activity

In other TSS news, CEO Darryll E. Dewan sold 40,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $10.22, for a total value of $408,800.00. Following the transaction, the chief executive officer now directly owns 430,914 shares of the company’s stock, valued at approximately $4,403,941.08. This trade represents a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Karl Todd Marrott sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $7.38, for a total value of $369,000.00. Following the completion of the transaction, the chief operating officer now directly owns 116,146 shares in the company, valued at $857,157.48. The trade was a 30.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 564,506 shares of company stock worth $4,857,072 over the last three months. 30.53% of the stock is currently owned by corporate 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.