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

Perritt Capital Management Inc increased its holdings in Usio, Inc. (NASDAQ:USIO) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 478,200 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Perritt Capital Management Inc owned 1.76% of Usio worth $698,000 as of its most recent SEC filing.

Separately, Geode Capital Management LLC boosted its stake in Usio by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock worth $248,000 after buying an additional 9,731 shares during the last quarter. Institutional investors own 20.23% of the company’s stock.

Usio Stock Up 0.7 %

Shares of NASDAQ USIO opened at $1.47 on Wednesday. The stock has a market capitalization of $38.98 million, a PE ratio of 16.33 and a beta of 1.82. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average of $1.71 and a 200-day moving average of $1.60. Usio, Inc. has a 52-week low of $1.24 and a 52-week high of $2.92.

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

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $4.00 price objective on shares of Usio in a research note on Thursday, March 27th.

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.