Van Berkom & Associates Inc. Has $40.19 Million Holdings in Tucows Inc. (TCX)
Van Berkom & Associates Inc. boosted its position in Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 722,590 shares of the information services provider’s stock after purchasing an additional 32,227 shares during the period. Van Berkom & Associates Inc. owned approximately 0.07% of Tucows worth $40,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. CLARET ASSET MANAGEMENT Corp raised its stake in shares of Tucows by 39.1% during the third quarter. CLARET ASSET MANAGEMENT Corp now owns 5,006 shares of the information services provider’s stock valued at $279,000 after acquiring an additional 1,408 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Tucows by 9.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 17,800 shares of the information services provider’s stock valued at $1,080,000 after acquiring an additional 1,500 shares in the last quarter. 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. Finally, Swiss National Bank raised its stake in shares of Tucows by 14.6% during the second quarter. Swiss National Bank now owns 15,700 shares of the information services provider’s stock valued at $952,000 after acquiring an additional 2,000 shares in the last quarter. 56.90% of the stock is owned by institutional investors and hedge funds.
TCX stock traded down $0.52 during trading on Monday, hitting $54.00. 704 shares of the company’s stock traded hands, compared to its average volume of 83,985. The firm has a market cap of $578.78 million, a price-to-earnings ratio of 32.65 and a beta of 0.88. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. Tucows Inc. has a 1 year low of $49.69 and a 1 year high of $71.75.
In related news, EVP David John Woroch sold 5,500 shares of Tucows stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $55.58, for a total transaction of $305,690.00. Following the transaction, the executive vice president now directly owns 64,351 shares of the company’s stock, valued at $3,576,628.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Elliot Noss sold 1,500 shares of Tucows stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $54.63, for a total transaction of $81,945.00. Following the transaction, the chief executive officer now directly owns 556,760 shares in the company, valued at $30,415,798.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,500 shares of company stock worth $526,435. 11.80% of the stock is currently owned by corporate insiders.
Separately, BidaskClub lowered shares of Tucows from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 8th.
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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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