STOCKS: ORINDA ASSET MANAGEMENT LLC INVESTS $1,278,000 IN USA TECHNOLOGIES INC. (USAT)
Orinda Asset Management LLC purchased a new stake in shares of USA Technologies Inc. (NASDAQ:USAT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 293,086 shares of the company’s stock, valued at approximately $1,278,000. USA Technologies comprises 1.4% of Orinda Asset Management LLC’s holdings, making the stock its 25th largest position.
Several other large investors have also recently added to or reduced their stakes in USAT. Monarch Partners Asset Management LLC increased 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 valued at $266,000 after buying an additional 11,660 shares during the period. Bank of New York Mellon Corp increased 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 valued at $442,000 after buying an additional 62,854 shares during the period. California State Teachers Retirement System bought a new stake in USA Technologies during the second quarter valued at approximately $321,000. Finally, Perkins Capital Management Inc. increased 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 valued at $1,018,000 after buying an additional 181,750 shares during the period. Institutional investors own 42.86% of the company’s stock.
USA Technologies Inc. (NASDAQ:USAT) traded down 4.66% on Monday, hitting $4.50. The stock had a trading volume of 224,746 shares. USA Technologies Inc. has a 52-week low of $2.66 and a 52-week high of $5.81. The firm’s market cap is $172.58 million. The company has a 50-day moving average price of $5.25 and a 200 day moving average price of $4.70.
