Usio, Inc. (NASDAQ:USIO – Get Rating) major shareholder Topline Capital Partners, Lp sold 357,529 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $2.06, for a total transaction of $736,509.74. Following the completion of the sale, the insider now directly owns 2,427,912 shares of the company’s stock, valued at approximately $5,001,498.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Topline Capital Partners, Lp also recently made the following trade(s):
- On Wednesday, November 9th, Topline Capital Partners, Lp sold 112,508 shares of Usio stock. The shares were sold at an average price of $2.11, for a total transaction of $237,391.88.
- On Thursday, October 6th, Topline Capital Partners, Lp sold 11,771 shares of Usio stock. The stock was sold at an average price of $1.68, for a total transaction of $19,775.28.
- On Tuesday, August 16th, Topline Capital Partners, Lp sold 44,950 shares of Usio stock. The stock was sold at an average price of $1.60, for a total transaction of $71,920.00.
Usio Trading Up 1.3 %
Shares of NASDAQ USIO opened at $2.27 on Wednesday. The company has a market cap of $57.49 million, a price-to-earnings ratio of -8.41 and a beta of 1.83. Usio, Inc. has a 12 month low of $1.22 and a 12 month high of $8.62. The stock has a 50-day moving average price of $1.75 and a two-hundred day moving average price of $2.04.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Essex Investment Management Co. LLC raised its stake in Usio by 2.5% during the first quarter. Essex Investment Management Co. LLC now owns 218,111 shares of the company’s stock worth $781,000 after acquiring an additional 5,293 shares in the last quarter. Accurate Wealth Management LLC acquired a new position in Usio during the first quarter worth about $42,000. Vanguard Group Inc. raised its stake in Usio by 13.7% during the first quarter. Vanguard Group Inc. now owns 1,000,801 shares of the company’s stock worth $3,583,000 after acquiring an additional 120,821 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Usio by 4.8% in the first quarter. Renaissance Technologies LLC now owns 525,591 shares of the company’s stock valued at $1,882,000 after buying an additional 24,250 shares during the period. Finally, Cruiser Capital Advisors LLC increased its stake in shares of Usio by 64.8% in the first quarter. Cruiser Capital Advisors LLC now owns 126,401 shares of the company’s stock valued at $453,000 after buying an additional 49,701 shares during the period. Institutional investors and hedge funds own 16.94% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on USIO shares. Barrington Research cut their price objective on shares of Usio from $7.00 to $4.00 and set a “market perform” rating for the company in a research report on Friday, August 12th. Maxim Group cut their price objective on shares of Usio from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Monday, August 15th.
About Usio
Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check, a consumer non-sufficient funds check that is presented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment that is converted into an e-check.
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