Insider Sell‑Off Swells at Usio Inc.: National Services Trims 5 % Stake Amid Rising Uncertainty

Insider Selling Swells at Usio Inc. – What Investors Should Watch

On January 26 2026, National Services, Inc. off‑loaded 4,502 shares of Usio’s common stock at $1.35 each, trimming its stake from 2,755,538 to 2,749,616 shares. The same day, a second sale of 5,922 shares at $1.36 followed, bringing the holding down to 2,743,694 shares. These transactions are part of a broader pattern: over the past two weeks, National Services has executed a series of liquidations that total more than 40,000 shares, a move that coincides with a modest 1.46 % uptick in the stock’s weekly performance but an ongoing 22.91 % year‑to‑date decline.

Why the Sales Matter for Shareholders

National Services is a significant shareholder in Usio, and its recent activity reflects a cumulative divestment of roughly 5 % of the outstanding shares. While the company’s share price has been relatively stable in the short term, the timing of these sales—following a quarterly earnings miss that pushed the price toward the lower end of its 52‑week range—raises questions about confidence in the firm’s growth trajectory. For investors, this could signal an opportunity to reassess valuation: the stock trades at a negative earnings multiple of –69.07, suggesting that the market is discounting the company heavily for its current profitability profile. A continued selling pressure from insiders could put additional downward pressure on the price unless offset by fresh capital inflows or a turnaround in earnings.

What the Pattern Says About National Services

Historical filings show that National Services has oscillated between buying and selling over the past year. In June 2023, the entity accumulated 27,881 shares at $2.06, only to sell 10,000 shares in January 2026 at $1.36. The pattern is not a one‑off liquidation; rather, it indicates a strategic realignment of its portfolio. The entity’s holdings have hovered around the 2.7 million–2.8 million share range for most of 2025, but the recent sales suggest a shift toward liquidity or a potential shift in investment thesis. Analysts note that National Services has historically been a “value‑add” investor in financial tech, often purchasing stakes when the market is depressed and selling when valuations normalize. The current sell‑off may reflect a belief that the stock has peaked or that the company’s financials are unlikely to improve in the near term.

Implications for Usio’s Future

With a market cap of roughly $36.7 million and a price‑to‑book ratio of 1.965, Usio trades at a premium to its book value yet remains far from breakeven in earnings. The insider sales could be interpreted as a warning sign of management’s or major investors’ pessimism about short‑term earnings prospects. Conversely, if the sales are purely portfolio‑rebalancing, the impact on long‑term fundamentals may be limited. Investors should monitor the company’s upcoming earnings guidance, cash‑flow projections, and any potential restructuring initiatives. A sustained insider outflow coupled with weak earnings could push the stock further below its 52‑week low, creating a buying opportunity for contrarians. However, the current negative price‑to‑earnings ratio and the recent downward trajectory suggest caution for risk‑averse portfolios.

Bottom Line

National Services’ recent insider sales at Usio signal a tangible shift in shareholder confidence, and the pattern of cumulative divestment over the past year adds weight to concerns about the company’s profitability trajectory. Investors should weigh the potential for short‑term price erosion against the long‑term strategic direction of Usio’s payment‑solutions business and consider whether the current valuation offers an attractive entry point in a sector that remains highly competitive and capital‑intensive.