Tieton Capital Management LLC grew its holdings in shares of TESSCO Technologies Incorporated (NASDAQ:TESS) by 15.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 318,499 shares of the communications equipment provider’s stock after acquiring an additional 42,644 shares during the period. TESSCO Technologies comprises 3.4% of Tieton Capital Management LLC’s holdings, making the stock its 14th largest holding. Tieton Capital Management LLC owned about 3.80% of TESSCO Technologies worth $3,965,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TESS. Deprince Race & Zollo Inc. raised its stake in TESSCO Technologies by 7.2% during the third quarter. Deprince Race & Zollo Inc. now owns 792,932 shares of the communications equipment provider’s stock worth $9,872,000 after buying an additional 53,216 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in TESSCO Technologies by 5.5% during the second quarter. Dimensional Fund Advisors LP now owns 477,664 shares of the communications equipment provider’s stock worth $6,353,000 after buying an additional 24,847 shares during the last quarter. Vanguard Group Inc. raised its stake in TESSCO Technologies by 62.6% during the second quarter. Vanguard Group Inc. now owns 314,667 shares of the communications equipment provider’s stock worth $4,185,000 after buying an additional 121,192 shares during the last quarter. Crawford Investment Counsel Inc. raised its stake in TESSCO Technologies by 1.4% during the second quarter. Crawford Investment Counsel Inc. now owns 87,101 shares of the communications equipment provider’s stock worth $1,158,000 after buying an additional 1,226 shares during the last quarter. Finally, Northern Trust Corp raised its stake in TESSCO Technologies by 1.8% during the second quarter. Northern Trust Corp now owns 71,148 shares of the communications equipment provider’s stock worth $945,000 after buying an additional 1,228 shares during the last quarter. 58.54% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of TESSCO Technologies from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research note on Friday, October 27th.

TESSCO Technologies Incorporated (NASDAQ:TESS) opened at $17.90 on Monday. TESSCO Technologies Incorporated has a 52 week low of $11.40 and a 52 week high of $18.00. The firm has a market cap of $149.97, a price-to-earnings ratio of 45.90 and a beta of 1.29.

TESSCO Technologies (NASDAQ:TESS) last announced its earnings results on Monday, October 23rd. The communications equipment provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.11. TESSCO Technologies had a net margin of 0.51% and a return on equity of 3.09%. The business had revenue of $145.08 million during the quarter, compared to the consensus estimate of $141.97 million. equities analysts anticipate that TESSCO Technologies Incorporated will post 0.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend was Tuesday, November 7th. TESSCO Technologies’s dividend payout ratio is presently 235.29%.

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About TESSCO Technologies

TESSCO Technologies Incorporated architects and delivers the product and value chain solutions to organizations responsible for building, operating, maintaining and reselling cellular, mobile communications, wireless-fidelity (Wi-Fi), machine-to-machine, Internet of Things and wireless backhaul systems.

Institutional Ownership by Quarter for TESSCO Technologies (NASDAQ:TESS)

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