Usio, Inc. (NASDAQ:USIO) Shares Acquired by Perritt Capital Management Inc

Perritt Capital Management Inc increased its position in shares of Usio, Inc. (NASDAQ:USIO) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 478,200 shares of the company’s stock after buying an additional 10,000 shares during the period. Perritt Capital Management Inc’s holdings in Usio were worth $698,000 at the end of the most recent reporting period.

Separately, Geode Capital Management LLC grew its stake in shares of Usio by 5.6% during the third quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock valued at $248,000 after acquiring an additional 9,731 shares in the last quarter. 20.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $4.00 price target on shares of Usio in a report on Thursday, March 27th.

Usio Stock Up 0.7 %

Shares of NASDAQ:USIO opened at $1.47 on Wednesday. The firm has a market cap of $38.98 million, a PE ratio of 16.33 and a beta of 1.82. The company has a fifty day simple moving average of $1.71 and a 200 day simple moving average of $1.60. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Usio, Inc. has a 12-month low of $1.24 and a 12-month high of $2.92.

Usio (NASDAQ:USIO) last released its earnings results on Wednesday, March 26th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $20.56 million during the quarter, compared to the consensus estimate of $21.10 million. Usio had a net margin of 3.33% and a negative return on equity of 2.98%. On average, equities research analysts anticipate that Usio, Inc. will post -0.03 EPS for the current fiscal year.

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 and Check Conversion for electronic payment facilitation.