Emerald Acquisition Ltd. acquired a new position in USA Technologies Inc. (NASDAQ:USAT) during the second quarter, Holdings Channel reports. The fund acquired 413,219 shares of the company’s stock, valued at approximately $1,764,000. Emerald Acquisition Ltd. owned approximately 1.12% of USA Technologies at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Orinda Asset Management LLC bought a new stake in USA Technologies during the second quarter worth approximately $1,278,000. California State Teachers Retirement System bought a new stake in USA Technologies during the second quarter worth approximately $321,000. Bank of New York Mellon Corp boosted its stake in USA Technologies by 154.3% in the second quarter. Bank of New York Mellon Corp now owns 103,597 shares of the company’s stock worth $442,000 after buying an additional 62,854 shares in the last quarter. Monarch Partners Asset Management LLC boosted its stake in USA Technologies by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 62,200 shares of the company’s stock worth $266,000 after buying an additional 11,660 shares in the last quarter. Finally, Perkins Capital Management Inc. boosted its stake in USA Technologies by 320.8% in the second quarter. Perkins Capital Management Inc. now owns 238,400 shares of the company’s stock worth $1,018,000 after buying an additional 181,750 shares in the last quarter. Hedge funds and other institutional investors own 43.80% of the company’s stock.
USA Technologies Inc. (NASDAQ:USAT) traded up 0.98% during mid-day trading on Monday, reaching $5.66. The company’s stock had a trading volume of 116,581 shares. USA Technologies Inc. has a 1-year low of $2.36 and a 1-year high of $5.81. The firm’s market capitalization is $217.07 million. The firm has a 50-day moving average of $5.21 and a 200 day moving average of $4.58.
USA Technologies (NASDAQ:USAT) last announced its quarterly earnings data on Tuesday, September 13th. The company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.03. The firm earned $21.90 million during the quarter. USA Technologies had a negative net margin of 8.79% and a negative return on equity of 1.46%. Equities analysts expect that USA Technologies Inc. will post $0.02 earnings per share for the current year.
Separately, Zacks Investment Research upgraded USA Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, July 14th.
USA Technologies Company Profile
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other market segments, such as amusement, commercial laundry, kiosk and others.
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