Usio, Inc. (NASDAQ:USIO) Director Michael R. Long Sells 2,000 Shares

Usio, Inc. (NASDAQ:USIO) Director Michael R. Long sold 2,000 shares of the stock in a transaction dated Friday, September 3rd. The shares were sold at an average price of $6.21, for a total transaction of $12,420.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Michael R. Long also recently made the following trade(s):

  • On Monday, August 16th, Michael R. Long sold 2,000 shares of Usio stock. The shares were sold at an average price of $5.55, for a total transaction of $11,100.00.
  • On Monday, August 30th, Michael R. Long sold 2,000 shares of Usio stock. The stock was sold at an average price of $5.70, for a total transaction of $11,400.00.
  • On Wednesday, August 4th, Michael R. Long sold 2,502 shares of Usio stock. The stock was sold at an average price of $5.60, for a total transaction of $14,011.20.
  • On Monday, August 2nd, Michael R. Long sold 2,000 shares of Usio stock. The stock was sold at an average price of $5.65, for a total transaction of $11,300.00.
  • On Wednesday, July 21st, Michael R. Long sold 2,000 shares of Usio stock. The stock was sold at an average price of $5.79, for a total transaction of $11,580.00.
  • On Monday, July 12th, Michael R. Long sold 2,000 shares of Usio stock. The stock was sold at an average price of $6.06, for a total transaction of $12,120.00.
  • On Thursday, July 8th, Michael R. Long sold 2,000 shares of Usio stock. The stock was sold at an average price of $5.98, for a total transaction of $11,960.00.
  • On Tuesday, July 6th, Michael R. Long sold 2,000 shares of Usio stock. The shares were sold at an average price of $5.92, for a total transaction of $11,840.00.

USIO stock opened at $6.20 on Wednesday. The firm has a 50 day moving average of $5.75 and a 200-day moving average of $6.04. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01. Usio, Inc. has a 12 month low of $1.40 and a 12 month high of $8.19. The firm has a market capitalization of $154.56 million, a P/E ratio of -77.50 and a beta of 1.73.

Usio (NASDAQ:USIO) last released its quarterly earnings data on Thursday, August 12th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. Usio had a negative net margin of 2.78% and a negative return on equity of 12.86%. Sell-side analysts predict that Usio, Inc. will post -0.04 EPS for the current year.

Separately, Zacks Investment Research upgraded shares of Usio from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research report on Wednesday, August 25th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parian Global Management LP raised its stake in Usio by 108.9% in the first quarter. Parian Global Management LP now owns 1,697,979 shares of the company’s stock valued at $10,901,000 after purchasing an additional 885,035 shares in the last quarter. Vanguard Group Inc. raised its stake in Usio by 13.5% in the second quarter. Vanguard Group Inc. now owns 786,867 shares of the company’s stock valued at $5,035,000 after purchasing an additional 93,600 shares in the last quarter. G2 Investment Partners Management LLC purchased a new stake in Usio in the first quarter valued at approximately $3,959,000. EAM Investors LLC purchased a new stake in Usio in the first quarter valued at approximately $1,076,000. Finally, Morgan Stanley raised its stake in Usio by 7.5% in the second quarter. Morgan Stanley now owns 139,213 shares of the company’s stock valued at $891,000 after purchasing an additional 9,733 shares in the last quarter. 18.90% of the stock is currently owned by institutional investors and hedge funds.

Usio Company Profile

USIO, Inc engages in providing integrated payment solutions. Its solutions include payment facilitation, merchant services, payment solutions, card issuing, check printing, electronic bill presentment & payment, and printing and mailing. The company offers services to software companies, merchants, billers, banks, service bureaus and card issuers.

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