Monarch Partners Asset Management LLC raised its position in USA Technologies, Inc. (NASDAQ:USAT) by 13.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,430 shares of the technology company’s stock after buying an additional 13,840 shares during the period. Monarch Partners Asset Management LLC’s holdings in USA Technologies were worth $595,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in USA Technologies during the fourth quarter valued at $137,000. Citadel Advisors LLC increased its position in USA Technologies by 26.4% in the first quarter. Citadel Advisors LLC now owns 47,464 shares of the technology company’s stock valued at $202,000 after buying an additional 9,912 shares during the period. Blair William & Co. IL increased its position in USA Technologies by 5.4% in the first quarter. Blair William & Co. IL now owns 76,549 shares of the technology company’s stock valued at $325,000 after buying an additional 3,946 shares during the period. Bank of New York Mellon Corp increased its position in USA Technologies by 15.2% in the first quarter. Bank of New York Mellon Corp now owns 122,125 shares of the technology company’s stock valued at $519,000 after buying an additional 16,143 shares during the period. Finally, Paragon Capital Management Ltd purchased a new position in USA Technologies during the first quarter valued at $963,000. Institutional investors own 36.22% of the company’s stock.

USA Technologies, Inc. (NASDAQ USAT) opened at 5.00 on Monday. USA Technologies, Inc. has a 52-week low of $3.55 and a 52-week high of $5.90. The stock has a 50 day moving average price of $5.28 and a 200 day moving average price of $4.71. The stock’s market cap is $201.66 million.

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USAT has been the topic of several research reports. ValuEngine upgraded USA Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Zacks Investment Research upgraded USA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, BidaskClub downgraded USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday.

About USA Technologies

USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) 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 unattended market segments, such as amusement, commercial laundry, kiosk and others.

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Institutional Ownership by Quarter for USA Technologies (NASDAQ:USAT)

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