Essex Investment Management Co. LLC Boosts Stake in One Stop Systems, Inc. (NASDAQ:OSS)

Essex Investment Management Co. LLC increased its position in One Stop Systems, Inc. (NASDAQ:OSS) by 24.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,311 shares of the company’s stock after buying an additional 16,093 shares during the period. Essex Investment Management Co. LLC’s holdings in One Stop Systems were worth $197,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in OSS. Legato Capital Management LLC purchased a new stake in shares of One Stop Systems in the second quarter worth about $35,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of One Stop Systems in the second quarter worth about $61,000. Renaissance Technologies LLC lifted its position in shares of One Stop Systems by 15.7% in the second quarter. Renaissance Technologies LLC now owns 61,200 shares of the company’s stock worth $147,000 after buying an additional 8,300 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of One Stop Systems by 1.9% in the first quarter. Vanguard Group Inc. now owns 698,226 shares of the company’s stock worth $2,276,000 after buying an additional 13,036 shares in the last quarter. 32.67% of the stock is currently owned by hedge funds and other institutional investors.

One Stop Systems Price Performance

Shares of OSS stock opened at $2.36 on Monday. One Stop Systems, Inc. has a 1 year low of $1.79 and a 1 year high of $4.57. The stock’s 50 day simple moving average is $2.23 and its two-hundred day simple moving average is $2.45. The company has a market cap of $49.36 million, a PE ratio of -6.38 and a beta of 1.27.

One Stop Systems (NASDAQ:OSS) last announced its earnings results on Thursday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.04). One Stop Systems had a negative net margin of 14.41% and a negative return on equity of 13.22%. The company had revenue of $13.20 million for the quarter, compared to the consensus estimate of $13.00 million. Equities research analysts expect that One Stop Systems, Inc. will post -0.26 EPS for the current year.

Insider Buying and Selling

In related news, Director Joseph M. Jr. Manko purchased 50,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of $1.94 per share, with a total value of $97,000.00. Following the transaction, the director now owns 1,149,899 shares of the company’s stock, valued at approximately $2,230,804.06. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.60% of the stock is currently owned by company insiders.

About One Stop Systems

One Stop Systems, Inc engages in the design, manufacture, and marketing of high-performance compute, high speed storage hardware and software, switch fabrics, and systems for edge deployments in the United States and internationally. The company's systems are built using the central processing unit, graphical processing unit, high-speed switch fabrics, and flash storage technologies.