Sovereign Financial Group Inc. Takes $59,000 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 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,715 shares of the company’s stock, valued at approximately $59,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of One Stop Systems by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 181,954 shares of the company’s stock worth $435,000 after buying an additional 11,262 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in One Stop Systems in the second quarter worth about $61,000. Essex Investment Management Co. LLC boosted its stake in One Stop Systems by 24.3% in the third quarter. Essex Investment Management Co. LLC now owns 82,311 shares of the company’s stock valued at $197,000 after acquiring an additional 16,093 shares during the period. Renaissance Technologies LLC grew its holdings in shares of One Stop Systems by 15.7% during the second 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 during the last quarter. Finally, Vontobel Holding Ltd. raised its position in shares of One Stop Systems by 120.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 33,000 shares of the company’s stock worth $79,000 after purchasing an additional 18,000 shares during the period. Institutional investors and hedge funds own 32.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

One Stop Systems Stock Up 6.5 %

Shares of NASDAQ:OSS opened at $3.29 on Thursday. The company’s 50-day moving average price is $2.78 and its 200 day moving average price is $2.46. The company has a market cap of $69.47 million, a PE ratio of -6.58 and a beta of 1.20. One Stop Systems, Inc. has a fifty-two week low of $1.79 and a fifty-two week high of $4.57.

One Stop Systems Company 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.