Ancora Advisors LLC Decreases Stake in CoreCard Corporation $CCRD

Key Points

• Ancora Advisors LLC reduced its stake in CoreCard Corporation by 52.9% in Q1, now holding $334,000 worth of shares, which is approximately 0.23% of the company.
• Several institutional investors, including Dimensional Fund Advisors and Citadel Advisors, have increased their stakes significantly during the fourth quarter, indicating growing interest in the stock.
• CoreCard's stock recently opened at $27.30, with a 1-year price range between $12.12 and $31.99, reflecting a market cap of $212.67 million.

Ancora Advisors LLC trimmed its position in shares of CoreCard Corporation (NYSE:CCRD - Free Report) by 52.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,859 shares of the company's stock after selling 20,020 shares during the period. Ancora Advisors LLC owned about 0.23% of CoreCard worth $334,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Apis Capital Advisors LLC raised its holdings in shares of CoreCard by 2.8% during the 1st quarter. Apis Capital Advisors LLC now owns 141,000 shares of the company's stock valued at $2,638,000 after buying an additional 3,872 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of CoreCard by 25.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 63,721 shares of the company's stock valued at $1,446,000 after buying an additional 13,087 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of CoreCard by 349.4% during the 4th quarter. Citadel Advisors LLC now owns 61,123 shares of the company's stock valued at $1,387,000 after buying an additional 47,523 shares in the last quarter. Millennium Management LLC raised its holdings in shares of CoreCard by 6.1% during the 4th quarter. Millennium Management LLC now owns 61,102 shares of the company's stock valued at $1,387,000 after buying an additional 3,494 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in CoreCard by 52.9% in the 4th quarter. Two Sigma Advisers LP now owns 50,000 shares of the company's stock worth $1,135,000 after purchasing an additional 17,300 shares during the period. 43.90% of the stock is owned by hedge funds and other institutional investors.

CoreCard Trading Down 0.6%

CoreCard stock traded down $0.16 during trading hours on Friday, reaching $27.17. The company had a trading volume of 1,134 shares, compared to its average volume of 52,599. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.96 and a quick ratio of 4.96. The company has a 50-day moving average price of $27.75 and a 200 day moving average price of $24.44. The firm has a market cap of $211.65 million, a price-to-earnings ratio of 27.44 and a beta of 0.66. CoreCard Corporation has a 12-month low of $12.12 and a 12-month high of $31.99.

CoreCard Company Profile

CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, 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.