Sovereign Financial Group Inc. Purchases New Position in One Stop Systems, Inc. (NASDAQ:OSS)

Sovereign Financial Group Inc. acquired a new position in shares of One Stop Systems, Inc. (NASDAQ:OSS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,715 shares of the company’s stock, valued at approximately $59,000. Sovereign Financial Group Inc. owned approximately 0.08% of One Stop Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of OSS. Mercer Global Advisors Inc. ADV purchased a new stake in shares of One Stop Systems during the 2nd quarter valued at about $61,000. Vontobel Holding Ltd. boosted its stake in shares of One Stop Systems by 120.0% in the third quarter. Vontobel Holding Ltd. now owns 33,000 shares of the company’s stock valued at $79,000 after purchasing an additional 18,000 shares during the period. Renaissance Technologies LLC grew its holdings in One Stop Systems by 15.7% during the 2nd quarter. Renaissance Technologies LLC now owns 61,200 shares of the company’s stock valued at $147,000 after purchasing an additional 8,300 shares in the last quarter. Essex Investment Management Co. LLC boosted its position in One Stop Systems by 24.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 82,311 shares of the company’s stock valued at $197,000 after buying an additional 16,093 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of One Stop Systems by 6.6% during the third quarter. Geode Capital Management LLC now owns 181,954 shares of the company’s stock valued at $435,000 after acquiring an additional 11,262 shares in the last quarter. Hedge funds and other institutional investors own 32.67% of the company’s stock.

One Stop Systems Price Performance

OSS opened at $3.29 on Thursday. One Stop Systems, Inc. has a 12-month low of $1.79 and a 12-month high of $4.57. The stock has a market capitalization of $69.47 million, a PE ratio of -6.58 and a beta of 1.20. The firm’s fifty day moving average price is $2.78 and its 200 day moving average price is $2.46.

Analysts Set New Price Targets

Separately, Alliance Global Partners raised One Stop Systems from a “neutral” rating to a “buy” rating and increased their price target for the company from $3.25 to $4.50 in a report on Wednesday, November 6th.

One Stop Systems Profile

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.