Navellier & Associates Inc. Acquires Shares of 25,349 CoreCard Corporation (NYSE:CCRD)

Key Points

• Navellier & Associates Inc. has acquired a new stake in CoreCard Corporation, purchasing 25,349 shares valued at approximately $481,000, which represents about 0.33% of the company.
• Several other hedge funds, including Two Sigma Investments and Citadel Advisors, have also increased their positions in CoreCard, with Citadel Advisors increasing its stake by 349.4% during the last quarter.
• CoreCard Corporation's stock opened at $27.30 and has a market capitalization of $212.65 million, with a recent 52-week low of $11.57 and a high of $31.99.

Navellier & Associates Inc. bought a new stake in CoreCard Corporation (NYSE:CCRD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,349 shares of the company's stock, valued at approximately $481,000. Navellier & Associates Inc. owned 0.33% of CoreCard at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Topline Capital Management LLC purchased a new stake in shares of CoreCard in the fourth quarter worth approximately $7,317,000. Arrowstreet Capital Limited Partnership raised its stake in shares of CoreCard by 160.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 98,841 shares of the company's stock worth $2,244,000 after purchasing an additional 60,927 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of CoreCard by 25.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 63,721 shares of the company's stock worth $1,446,000 after purchasing an additional 13,087 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of CoreCard by 349.4% in the fourth quarter. Citadel Advisors LLC now owns 61,123 shares of the company's stock worth $1,387,000 after purchasing an additional 47,523 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of CoreCard by 6.1% in the fourth quarter. Millennium Management LLC now owns 61,102 shares of the company's stock worth $1,387,000 after purchasing an additional 3,494 shares during the last quarter. Institutional investors and hedge funds own 43.90% of the company's stock.

CoreCard Stock Up 0.9%

Shares of CoreCard stock traded up $0.23 on Wednesday, hitting $26.61. The company had a trading volume of 8,124 shares, compared to its average volume of 41,654. The stock has a market capitalization of $207.25 million, a price-to-earnings ratio of 30.91 and a beta of 0.70. CoreCard Corporation has a 1 year low of $11.57 and a 1 year high of $31.99. The stock has a 50 day moving average of $28.04 and a 200-day moving average of $23.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.96 and a current ratio of 4.96.

CoreCard 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.