B. Riley Wealth Advisors Inc. Cuts Position in Telos Co. (NASDAQ:TLS)

B. Riley Wealth Advisors Inc. lowered its position in Telos Co. (NASDAQ:TLS) by 8.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,375 shares of the company’s stock after selling 7,890 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.12% of Telos worth $339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TLS. Fifth Lane Capital LP purchased a new stake in shares of Telos during the 1st quarter worth $44,000. Lazard Asset Management LLC purchased a new position in shares of Telos in the 1st quarter valued at about $58,000. SG Americas Securities LLC acquired a new stake in shares of Telos during the 1st quarter worth about $58,000. Quadrature Capital Ltd purchased a new stake in Telos during the fourth quarter worth approximately $85,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Telos in the second quarter valued at approximately $92,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

Insiders Place Their Bets

In related news, CEO John B. Wood purchased 158,644 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was purchased at an average price of $2.39 per share, for a total transaction of $379,159.16. Following the acquisition, the chief executive officer now directly owns 5,026,925 shares in the company, valued at $12,014,350.75. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 12.40% of the stock is owned by insiders.

Analyst Ratings Changes

TLS has been the topic of several research reports. BMO Capital Markets dropped their price objective on Telos from $4.00 to $3.00 and set a “market perform” rating on the stock in a report on Tuesday, August 13th. DA Davidson reduced their price target on shares of Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a research report on Monday, August 12th. Needham & Company LLC reissued a “hold” rating on shares of Telos in a research report on Monday, August 12th. Finally, B. Riley reaffirmed a “buy” rating and issued a $5.00 target price on shares of Telos in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.50.

Telos Stock Performance

NASDAQ:TLS opened at $3.47 on Tuesday. Telos Co. has a 1-year low of $1.89 and a 1-year high of $5.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.76 and a quick ratio of 4.70. The firm’s fifty day moving average price is $3.42 and its 200 day moving average price is $3.71. The firm has a market cap of $249.00 million, a price-to-earnings ratio of -7.80 and a beta of 0.96.

Telos (NASDAQ:TLS) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.11. Telos had a negative net margin of 22.74% and a negative return on equity of 22.81%. The business had revenue of $28.50 million during the quarter, compared to the consensus estimate of $26.57 million. On average, sell-side analysts expect that Telos Co. will post -0.75 EPS for the current year.

Telos Company Profile

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.