Ritholtz Wealth Management Has $48,000 Stock Position in Usio Inc $USIO

Ritholtz Wealth Management boosted its holdings in shares of Usio Inc (NASDAQ:USIO) by 36.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 31,370 shares of the company’s stock after buying an additional 8,442 shares during the period. Ritholtz Wealth Management’s holdings in Usio were worth $48,000 as of its most recent SEC filing.

Separately, XTX Topco Ltd boosted its stake in shares of Usio by 105.8% during the 1st quarter. XTX Topco Ltd now owns 26,890 shares of the company’s stock valued at $39,000 after buying an additional 13,826 shares during the period. Hedge funds and other institutional investors own 20.23% of the company’s stock.

Analyst Ratings Changes

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

Usio Trading Down 1.4%

Shares of NASDAQ:USIO opened at $1.39 on Thursday. The firm has a fifty day moving average of $1.45 and a two-hundred day moving average of $1.51. The firm has a market capitalization of $36.84 million, a P/E ratio of 13.90 and a beta of 1.36. Usio Inc has a 12-month low of $1.24 and a 12-month high of $2.92. 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 issued its earnings results on Wednesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $19.96 million during the quarter, compared to analyst estimates of $22.41 million. Usio had a net margin of 3.43% and a negative return on equity of 1.63%. On average, equities analysts expect that Usio Inc will post -0.03 EPS for the current fiscal year.

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.