Usio, Inc. (NASDAQ:USIO) Major Shareholder Topline Capital Partners, Lp Sells 112,508 Shares

Usio, Inc. (NASDAQ:USIOGet Rating) major shareholder Topline Capital Partners, Lp sold 112,508 shares of Usio stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $2.11, for a total value of $237,391.88. Following the completion of the sale, the insider now directly owns 2,825,435 shares of the company’s stock, valued at $5,961,667.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Topline Capital Partners, Lp also recently made the following trade(s):

  • On Friday, November 11th, Topline Capital Partners, Lp sold 357,529 shares of Usio stock. The shares were sold at an average price of $2.06, for a total value of $736,509.74.
  • On Thursday, October 6th, Topline Capital Partners, Lp sold 11,771 shares of Usio stock. The shares were sold at an average price of $1.68, for a total value of $19,775.28.
  • On Tuesday, August 16th, Topline Capital Partners, Lp sold 44,950 shares of Usio stock. The shares were sold at an average price of $1.60, for a total value of $71,920.00.

Usio Price Performance

USIO opened at $2.24 on Tuesday. Usio, Inc. has a 12 month low of $1.22 and a 12 month high of $8.62. The stock has a market capitalization of $56.76 million, a price-to-earnings ratio of -8.30 and a beta of 1.83. The business has a fifty day moving average price of $1.74 and a 200 day moving average price of $2.05.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Maxim Group lowered their target price on Usio from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Monday, August 15th. Barrington Research lowered their target price on Usio from $7.00 to $4.00 and set a “market perform” rating for the company in a research note on Friday, August 12th.

Institutional Trading of Usio

Institutional investors have recently bought and sold shares of the business. Accurate Wealth Management LLC purchased a new stake in Usio during the 1st quarter worth about $42,000. Madrona Financial Services LLC purchased a new stake in Usio during the 3rd quarter worth about $44,000. Toroso Investments LLC purchased a new stake in Usio during the 1st quarter worth about $50,000. LPL Financial LLC lifted its holdings in Usio by 61.8% during the 2nd quarter. LPL Financial LLC now owns 72,801 shares of the company’s stock worth $177,000 after buying an additional 27,801 shares during the last quarter. Finally, State Street Corp lifted its holdings in Usio by 10.4% during the 1st quarter. State Street Corp now owns 58,389 shares of the company’s stock worth $209,000 after buying an additional 5,489 shares during the last quarter. 16.94% of the stock is owned by hedge funds and other institutional investors.

About Usio

(Get Rating)

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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Insider Buying and Selling by Quarter for Usio (NASDAQ:USIO)

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