CoreCard Co. (NYSE:CCRD – Get Rating) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 428,200 shares, a drop of 9.8% from the December 31st total of 474,800 shares. Based on an average trading volume of 21,500 shares, the days-to-cover ratio is currently 19.9 days. Approximately 7.0% of the shares of the stock are short sold.
Institutional Trading of CoreCard
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Weitz Investment Management Inc. lifted its stake in shares of CoreCard by 3.3% in the third quarter. Weitz Investment Management Inc. now owns 630,000 shares of the company's stock worth $13,715,000 after acquiring an additional 20,000 shares during the period. Renaissance Technologies LLC bought a new stake in shares of CoreCard in the 2nd quarter valued at $7,286,000. Investors Asset Management of Georgia Inc. GA ADV increased its position in shares of CoreCard by 0.9% during the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 294,265 shares of the company's stock worth $6,406,000 after buying an additional 2,485 shares during the period. Vanguard Group Inc. increased its position in shares of CoreCard by 4.6% during the third quarter. Vanguard Group Inc. now owns 276,989 shares of the company's stock worth $6,030,000 after buying an additional 12,217 shares during the period. Finally, Apis Capital Advisors LLC bought a new position in CoreCard during the second quarter worth $5,273,000. 41.19% of the stock is currently owned by institutional investors and hedge funds.
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CoreCard Price Performance
CCRD traded up $0.17 on Tuesday, reaching $33.49. The stock had a trading volume of 21,798 shares, compared to its average volume of 22,370. The company has a current ratio of 5.02, a quick ratio of 5.02 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $285.00 million, a price-to-earnings ratio of 18.37 and a beta of 0.96. CoreCard has a fifty-two week low of $20.45 and a fifty-two week high of $37.87. The firm has a 50-day moving average of $29.80 and a 200-day moving average of $26.00.
CoreCard (NYSE:CCRD – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.16 earnings per share (EPS) for the quarter. CoreCard had a return on equity of 31.33% and a net
margin of 23.21%. The company had revenue of $14.45 million during the quarter.
About CoreCard
(Get Rating)
CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, European Union, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.
Further Reading
- Get a free copy of the StockNews.com research report on CoreCard (CCRD)
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