CoreCard Corporation $CCRD Shares Sold by Ancora Advisors LLC

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 holdings in shares of CoreCard Corporation (NYSE:CCRD - Free Report) by 52.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,859 shares of the company's stock after selling 20,020 shares during the quarter. Ancora Advisors LLC owned approximately 0.23% of CoreCard worth $334,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Apis Capital Advisors LLC raised its stake 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 worth $2,638,000 after buying an additional 3,872 shares during the period. Russell Investments Group Ltd. raised its stake in shares of CoreCard by 42.4% during the 1st quarter. Russell Investments Group Ltd. now owns 11,308 shares of the company's stock worth $211,000 after buying an additional 3,368 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in CoreCard by 29.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,814 shares of the company's stock worth $446,000 after buying an additional 5,480 shares during the last quarter. Navellier & Associates Inc. acquired a new stake in CoreCard in the 1st quarter worth about $481,000. Finally, Squarepoint Ops LLC acquired a new stake in CoreCard in the 4th quarter worth about $349,000. 43.90% of the stock is owned by institutional investors and hedge funds.

CoreCard Price Performance

CCRD stock traded down $0.21 during trading on Friday, hitting $27.13. The stock had a trading volume of 21,176 shares, compared to its average volume of 76,864. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.96 and a quick ratio of 4.96. CoreCard Corporation has a twelve month low of $12.12 and a twelve month high of $31.99. The stock has a market capitalization of $211.30 million, a P/E ratio of 27.40 and a beta of 0.66. The company's 50-day moving average price is $27.72 and its two-hundred day moving average price is $24.48.

About CoreCard

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.