Ballentine Partners LLC bought a new stake in USA Technologies, Inc. (NASDAQ:USAT) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 50,000 shares of the technology company’s stock, valued at approximately $285,000. Ballentine Partners LLC owned 0.12% of USA Technologies as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in USA Technologies by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 123,665 shares of the technology company’s stock valued at $643,000 after buying an additional 1,540 shares during the period. Rhumbline Advisers raised its stake in USA Technologies by 25.2% in the second quarter. Rhumbline Advisers now owns 39,402 shares of the technology company’s stock valued at $205,000 after buying an additional 7,935 shares during the period. Monarch Partners Asset Management LLC raised its stake in USA Technologies by 13.8% in the second quarter. Monarch Partners Asset Management LLC now owns 114,430 shares of the technology company’s stock valued at $595,000 after buying an additional 13,840 shares during the period. Citadel Advisors LLC raised its stake 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. Finally, Geode Capital Management LLC raised its stake in USA Technologies by 5.3% in the first quarter. Geode Capital Management LLC now owns 274,159 shares of the technology company’s stock valued at $1,165,000 after buying an additional 13,887 shares during the period. 36.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of USA Technologies, Inc. (NASDAQ USAT) opened at 5.30 on Monday. The firm’s market capitalization is $213.75 million. USA Technologies, Inc. has a 12-month low of $3.55 and a 12-month high of $5.90. The company’s 50-day moving average price is $5.26 and its 200 day moving average price is $4.74.

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Several analysts recently commented on the company. ValuEngine raised USA Technologies from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research lowered USA Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, BidaskClub lowered USA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 12th.

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.

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

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