Insider Selling: Tucows Inc. (TCX) EVP Sells 5,500 Shares of Stock
Tucows Inc. (NASDAQ:TCX) (TSE:TC) EVP David John Woroch sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $55.58, for a total value of $305,690.00. Following the sale, the executive vice president now owns 64,351 shares of the company’s stock, valued at approximately $3,576,628.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NASDAQ TCX traded down $0.05 during midday trading on Friday, hitting $55.50. 2,608 shares of the stock traded hands, compared to its average volume of 73,926. The company has a market cap of $592.01 million, a price-to-earnings ratio of 37.45 and a beta of 0.84. Tucows Inc. has a one year low of $49.80 and a one year high of $71.75. The company has a quick ratio of 0.80, a current ratio of 0.82 and a debt-to-equity ratio of 0.74.
Tucows (NASDAQ:TCX) (TSE:TC) last released its quarterly earnings data on Wednesday, August 8th. The information services provider reported $0.33 EPS for the quarter. The firm had revenue of $81.09 million during the quarter. Tucows had a return on equity of 26.59% and a net margin of 6.24%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TCX. Financial Architects Inc bought a new stake in shares of Tucows during the second quarter valued at approximately $102,000. Catalyst Capital Advisors LLC bought a new stake in shares of Tucows during the second quarter valued at approximately $109,000. Bessemer Group Inc. bought a new stake in shares of Tucows during the second quarter valued at approximately $431,000. Engineers Gate Manager LP bought a new stake in shares of Tucows during the second quarter valued at approximately $529,000. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of Tucows by 37.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 10,123 shares of the information services provider’s stock valued at $614,000 after acquiring an additional 2,750 shares in the last quarter. Hedge funds and other institutional investors own 54.76% of the company’s stock.
Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment offers mobile and fixed high-speed Internet access services, and Internet hosting and network consulting services.
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