Usio (NASDAQ:USIO) Trading Up 7.2%

Shares of Usio, Inc. (NASDAQ:USIO – Get Rating) shot up 7.2% during trading on Tuesday . The company traded as high as $1.83 and last traded at $1.78. 6,804 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 19,001 shares. The stock had previously closed at $1.66.

Usio Price Performance

The stock has a 50-day moving average of $2.04 and a 200 day moving average of $1.92. The stock has a market capitalization of $45.08 million, a price-to-earnings ratio of -6.59 and a beta of 1.98.

Usio (NASDAQ:USIO – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The firm had revenue of $16.40 million during the quarter, compared to analyst estimates of $16.30 million. Usio had a negative return on equity of 32.16% and a negative net margin of 7.77%. Sell-side analysts anticipate that Usio, Inc. will post -0.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Usio news, insider Topline Capital Management, Ll sold 39,994 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $1.93, for a total transaction of $77,188.42. Following the transaction, the insider now owns 2,785,441 shares in the company, valued at $5,375,901.13. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Usio news, major shareholder Topline Capital Partners, Lp sold 112,508 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $2.11, for a total transaction of $237,391.88. Following the transaction, the insider now owns 2,825,435 shares in the company, valued at $5,961,667.85. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Topline Capital Management, Ll sold 39,994 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $1.93, for a total value of $77,188.42. Following the transaction, the insider now owns 2,785,441 shares in the company, valued at approximately $5,375,901.13. The disclosure for this sale can be found here. Insiders sold a total of 558,005 shares of company stock worth $1,153,275 over the last three months. 23.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Usio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. lifted its holdings in shares of Usio by 311.4% during the 2nd quarter. AWM Investment Company Inc. now owns 353,160 shares of the company’s stock valued at $858,000 after purchasing an additional 267,308 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Usio by 13.7% during the 1st quarter. Vanguard Group Inc. now owns 1,000,801 shares of the company’s stock valued at $3,583,000 after purchasing an additional 120,821 shares in the last quarter. Cruiser Capital Advisors LLC lifted its holdings in shares of Usio by 64.8% during the 1st quarter. Cruiser Capital Advisors LLC now owns 126,401 shares of the company’s stock valued at $453,000 after purchasing an additional 49,701 shares in the last quarter. Madrona Financial Services LLC bought a new position in shares of Usio during the 3rd quarter valued at about $44,000. Finally, LPL Financial LLC lifted its holdings in shares of Usio by 61.8% during the 2nd quarter. LPL Financial LLC now owns 72,801 shares of the company’s stock valued at $177,000 after purchasing an additional 27,801 shares in the last quarter. Institutional investors own 17.40% of the company’s stock.

Usio Company Profile

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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.