Steamboat Capital Partners LLC Buys New Position in Paysafe Limited (NYSE:PSFE)

Steamboat Capital Partners LLC bought a new stake in Paysafe Limited (NYSE:PSFE) in the fourth quarter, Holdings Channel reports. The fund bought 67,295 shares of the company’s stock, valued at approximately $1,151,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Topline Capital Management LLC bought a new position in Paysafe in the 4th quarter valued at about $34,481,000. Dimensional Fund Advisors LP boosted its position in shares of Paysafe by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,851,402 shares of the company’s stock valued at $31,659,000 after purchasing an additional 75,677 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Paysafe by 15.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 694,079 shares of the company’s stock worth $11,869,000 after purchasing an additional 91,592 shares during the last quarter. Private Management Group Inc. acquired a new position in shares of Paysafe in the 4th quarter worth approximately $8,489,000. Finally, Bridgeway Capital Management LLC grew its stake in shares of Paysafe by 2.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 469,504 shares of the company’s stock worth $8,029,000 after purchasing an additional 12,156 shares during the last quarter. Institutional investors own 54.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PSFE shares. Bank of America raised shares of Paysafe from an “underperform” rating to a “neutral” rating and set a $14.30 price objective on the stock in a research note on Friday. Susquehanna lowered their price objective on shares of Paysafe from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Finally, UBS Group lifted their price objective on shares of Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research note on Wednesday, February 12th.

Paysafe Stock Performance

Shares of PSFE opened at $12.74 on Friday. The firm’s 50 day moving average is $15.26 and its 200-day moving average is $17.65. The stock has a market capitalization of $762.97 million, a P/E ratio of -33.53, a P/E/G ratio of 0.48 and a beta of 1.90. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. Paysafe Limited has a 12-month low of $12.38 and a 12-month high of $26.25.

Paysafe (NYSE:PSFE) last released its earnings results on Tuesday, May 13th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.32). The firm had revenue of $401.00 million during the quarter, compared to analysts’ expectations of $404.45 million. Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. Equities research analysts anticipate that Paysafe Limited will post 1.87 EPS for the current fiscal year.

Paysafe Company Profile

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.