Perkins Capital Management Inc. Has $1.45 Million Stock Holdings in Usio, Inc. (NASDAQ:USIO)

Perkins Capital Management Inc. raised its holdings in Usio, Inc. (NASDAQ:USIO) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 995,693 shares of the company’s stock after buying an additional 13,500 shares during the quarter. Usio accounts for about 1.3% of Perkins Capital Management Inc.’s investment portfolio, making the stock its 26th largest position. Perkins Capital Management Inc.’s holdings in Usio were worth $1,454,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC boosted its position in shares of Usio by 5.6% in 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 during the period. Hedge funds and other institutional investors own 20.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and set a $4.00 target price on shares of Usio in a research note on Wednesday, January 29th.

Usio Trading Up 2.7 %

Shares of USIO opened at $1.51 on Monday. The stock’s 50-day moving average price is $1.82 and its 200 day moving average price is $1.60. 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 market capitalization of $40.97 million, a price-to-earnings ratio of 16.78 and a beta of 1.82. Usio, Inc. has a 12-month low of $1.24 and a 12-month high of $2.92.

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.