Denali Advisors LLC Boosts Stake in CoreCard Co. (NYSE:CCRD)

Denali Advisors LLC lifted its holdings in CoreCard Co. (NYSE:CCRDFree Report) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,447 shares of the company’s stock after buying an additional 1,400 shares during the quarter. Denali Advisors LLC owned 0.21% of CoreCard worth $241,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of CoreCard in the second quarter valued at approximately $28,000. Lazard Asset Management LLC boosted its position in CoreCard by 183.0% during the fourth quarter. Lazard Asset Management LLC now owns 1,316 shares of the company’s stock worth $38,000 after purchasing an additional 851 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in CoreCard by 1,778.3% during the first quarter. Tower Research Capital LLC TRC now owns 1,559 shares of the company’s stock worth $47,000 after purchasing an additional 1,476 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new stake in CoreCard during the second quarter worth $51,000. Finally, UBS Group AG purchased a new stake in CoreCard during the fourth quarter worth $54,000. 43.90% of the stock is currently owned by hedge funds and other institutional investors.

CoreCard Stock Up 0.3 %

CCRD opened at $11.05 on Monday. The business’s fifty day moving average is $11.73 and its two-hundred day moving average is $14.83. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.66 and a current ratio of 4.66. The company has a market cap of $91.72 million, a price-to-earnings ratio of 27.63 and a beta of 0.40. CoreCard Co. has a one year low of $10.02 and a one year high of $30.77.

CoreCard (NYSE:CCRDGet Free Report) last posted its earnings results on Wednesday, February 14th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. CoreCard had a return on equity of 8.12% and a net margin of 6.06%. The company had revenue of $12.16 million for the quarter, compared to the consensus estimate of $12.60 million. Analysts anticipate that CoreCard Co. will post 0.12 EPS for the current fiscal year.

CoreCard Company Profile

(Free Report)

CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.

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Institutional Ownership by Quarter for CoreCard (NYSE:CCRD)

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