Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Selling USA Technologies, Inc. (USAT)

Page 1 of 2

We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the government. The 13F filings show the funds’ and investors’ portfolio positions as of September 30. In this article, we look at what those funds think of USA Technologies, Inc. (NASDAQ:USAT) based on that data.

USA Technologies, Inc. (NASDAQ:USAT) has seen a decrease in support from the world’s most elite money managers recently. USAT was in 5 hedge funds’ portfolios at the end of the third quarter of 2015. There were 6 hedge funds in our database with USAT holdings at the end of the previous quarter. At the end of this article we will also compare USAT to other stocks including Imation Corp. (NYSE:IMN), Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS), and Conatus Pharmaceuticals Inc (NASDAQ:CNAT) to get a better sense of its popularity.

Follow Usa Technologies Inc (NASDAQ:USAT)
Trade (NASDAQ:USAT) Now!

In the financial world there are a large number of tools stock market investors can use to evaluate their stock investments. Two of the most innovative tools are hedge fund and insider trading activity. Our experts have shown that, historically, those who follow the best picks of the elite fund managers can outpace the broader indices by a solid margin (see the details here).

Keeping this in mind, let’s take a gander at the key action regarding USA Technologies, Inc. (NASDAQ:USAT).

How have hedgies been trading USA Technologies, Inc. (NASDAQ:USAT)?

At Q3’s end, a total of 5 of the hedge funds tracked by Insider Monkey were long this stock, a change of -17% from the second quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their stakes significantly (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Whitebox Advisors, managed by Andy Redleaf, holds the number one position in USA Technologies, Inc. (NASDAQ:USAT). Whitebox Advisors has a $1 million position in the stock, comprising less than 0.1% of its 13F portfolio. Sitting at the No. 2 spot is Keane Capital Management, managed by Peter Keane, which holds a $0.7 million position; 0.9% of its 13F portfolio is allocated to the company. Some other hedge funds and institutional investors that are bullish contain Andy Redleaf’s Whitebox Advisors, Richard Driehaus’s Driehaus Capital and Ken Griffin’s Citadel Investment Group.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!