First Washington CORP bought a new position in shares of USA Technologies, Inc. (NASDAQ:USAT) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 355,600 shares of the technology company’s stock, valued at approximately $2,560,000.
Several other institutional investors have also recently made changes to their positions in the stock. BlueMountain Capital Management LLC bought a new stake in USA Technologies during the 2nd quarter worth about $147,000. Greenwood Capital Associates LLC bought a new stake in USA Technologies during the 3rd quarter worth about $110,000. IFG Advisory LLC bought a new stake in USA Technologies during the 3rd quarter worth about $143,000. Bank of Montreal Can grew its holdings in USA Technologies by 1,265.7% during the 3rd quarter. Bank of Montreal Can now owns 25,169 shares of the technology company’s stock worth $181,000 after acquiring an additional 23,326 shares during the last quarter. Finally, USA Financial Portformulas Corp bought a new stake in USA Technologies during the 3rd quarter worth about $375,000. Institutional investors and hedge funds own 70.98% of the company’s stock.
Shares of NASDAQ:USAT opened at $4.79 on Tuesday. USA Technologies, Inc. has a 12 month low of $4.64 and a 12 month high of $16.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.34. The stock has a market cap of $298.20 million, a price-to-earnings ratio of 71.00 and a beta of 0.94.
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USA Technologies Company Profile
USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.
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