Perkins Capital Management Inc. Has $1.34 Million Stake in Usio, Inc. (NASDAQ:USIO)

Perkins Capital Management Inc. reduced its position in Usio, Inc. (NASDAQ:USIO) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 982,193 shares of the company’s stock after selling 40,000 shares during the period. Usio makes up 1.2% of Perkins Capital Management Inc.’s investment portfolio, making the stock its 25th largest holding. Perkins Capital Management Inc. owned about 3.59% of Usio worth $1,336,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. bought a new stake in Usio during the third quarter worth $3,821,000. Perritt Capital Management Inc lifted its position in shares of Usio by 35.7% during the second quarter. Perritt Capital Management Inc now owns 380,000 shares of the company’s stock valued at $581,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Creative Planning bought a new position in shares of Usio during the third quarter valued at about $58,000. Institutional investors own 20.23% of the company’s stock.

Usio Stock Up 3.7 %

USIO stock opened at $1.40 on Thursday. Usio, Inc. has a 1-year low of $1.30 and a 1-year high of $2.00. The stock has a market cap of $38.31 million, a P/E ratio of -28.00 and a beta of 1.70. The stock’s fifty day simple moving average is $1.42 and its two-hundred day simple moving average is $1.49. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.04.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and issued a $4.00 price objective on shares of Usio in a research note on Friday, August 16th.

Usio Profile

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 and Check Conversion for electronic payment facilitation.