Usio Inc $USIO Position Boosted by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its stake in shares of Usio Inc (NASDAQ:USIO) by 36.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,370 shares of the company’s stock after purchasing an additional 8,442 shares during the period. Ritholtz Wealth Management owned about 0.12% of Usio worth $48,000 as of its most recent filing with the SEC.

Separately, Goldman Sachs Group Inc. lifted its position in shares of Usio by 34.6% during the first quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock worth $87,000 after purchasing an additional 15,334 shares during the last quarter. Hedge funds and other institutional investors own 20.23% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Usio from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Usio currently has an average rating of “Hold” and an average target price of $4.00.

Usio Price Performance

USIO opened at $1.39 on Thursday. The firm has a market cap of $36.84 million, a price-to-earnings ratio of 13.90 and a beta of 1.36. Usio Inc has a fifty-two week low of $1.24 and a fifty-two week high of $2.92. The company’s 50-day moving average price is $1.45 and its 200 day moving average price is $1.51. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Usio (NASDAQ:USIO) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Usio had a net margin of 3.43% and a negative return on equity of 1.63%. The company had revenue of $19.96 million for the quarter, compared to analyst estimates of $22.41 million. As a group, sell-side analysts expect that Usio Inc will post -0.03 earnings per share for the current 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.