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 on Friday, October 8th. The stock was sold at an average price of $6.04, for a total value of $12,080.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, August 18th, Michael R. Long sold 207 shares of Usio stock. The stock was sold at an average price of $5.55, for a total value of $1,148.85.
  • On Monday, August 16th, Michael R. Long sold 2,000 shares of Usio stock. The stock was sold at an average price of $5.55, for a total value of $11,100.00.
  • On Monday, August 30th, Michael R. Long sold 2,000 shares of Usio stock. The shares were sold at an average price of $5.70, for a total value of $11,400.00.
  • On Wednesday, August 4th, Michael R. Long sold 2,502 shares of Usio stock. The shares were sold at an average price of $5.60, for a total value of $14,011.20.
  • On Monday, August 2nd, Michael R. Long sold 2,000 shares of Usio stock. The shares were sold at an average price of $5.65, for a total value of $11,300.00.
  • On Wednesday, July 21st, Michael R. Long sold 2,000 shares of Usio stock. The shares were sold at an average price of $5.79, for a total value of $11,580.00.

Shares of USIO opened at $5.89 on Thursday. 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 1 year low of $1.43 and a 1 year high of $8.19. The stock has a market cap of $146.83 million, a P/E ratio of -73.63 and a beta of 1.73. The stock’s 50-day moving average price is $5.86 and its two-hundred day moving average price is $6.04.

Usio (NASDAQ:USIO) last issued its earnings results on Thursday, August 12th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.04. Usio had a negative return on equity of 12.86% and a negative net margin of 2.78%. The firm had revenue of $15.23 million for the quarter, compared to analysts’ expectations of $13.50 million. As a group, equities analysts forecast that Usio, Inc. will post -0.04 EPS for the current year.

Separately, Zacks Investment Research upgraded Usio from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a report on Wednesday, August 25th.

A number of institutional investors and hedge funds have recently modified their holdings of USIO. Parian Global Management LP boosted its holdings in Usio by 108.9% during the first quarter. Parian Global Management LP now owns 1,697,979 shares of the company’s stock worth $10,901,000 after buying an additional 885,035 shares during the last quarter. G2 Investment Partners Management LLC bought a new position in Usio during the first quarter worth about $3,959,000. Vanguard Group Inc. boosted its holdings in Usio by 13.5% during the second quarter. Vanguard Group Inc. now owns 786,867 shares of the company’s stock worth $5,035,000 after buying an additional 93,600 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Usio during the first quarter worth about $566,000. Finally, Bank of Montreal Can acquired a new stake in shares of Usio during the second quarter worth about $560,000. Hedge funds and other institutional investors own 18.90% of the company’s stock.

About Usio

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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