Creative Planning Purchases Shares of 42,734 Usio, Inc. (NASDAQ:USIO)

Creative Planning purchased a new stake in Usio, Inc. (NASDAQ:USIO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 42,734 shares of the company’s stock, valued at approximately $58,000. Creative Planning owned approximately 0.16% of Usio as of its most recent SEC filing.

Separately, Perritt Capital Management Inc increased its holdings in shares of Usio by 35.7% in the 2nd quarter. Perritt Capital Management Inc now owns 380,000 shares of the company’s stock worth $581,000 after buying an additional 100,000 shares during the last quarter. Hedge funds and other institutional investors own 20.23% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and set a $4.00 price target on shares of Usio in a research report on Friday, August 16th.

Usio Stock Up 2.7 %

Shares of NASDAQ:USIO opened at $1.52 on Wednesday. The stock has a market capitalization of $41.24 million, a P/E ratio of 16.44 and a beta of 1.70. Usio, Inc. has a 12-month low of $1.30 and a 12-month high of $2.00. The stock’s 50-day moving average price is $1.41 and its 200-day moving average price is $1.49. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

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.