CastleKnight Management LP Purchases 33,100 Shares of Paysafe Limited (NYSE:PSFE)

CastleKnight Management LP lifted its holdings in Paysafe Limited (NYSE:PSFE - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 333,641 shares of the company's stock after buying an additional 33,100 shares during the period. CastleKnight Management LP owned about 0.55% of Paysafe worth $5,705,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Topline Capital Management LLC acquired a new position in shares of Paysafe during the 4th quarter worth approximately $34,481,000. Dimensional Fund Advisors LP grew its stake in shares of Paysafe by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,851,402 shares of the company's stock worth $31,659,000 after acquiring an additional 75,677 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Paysafe by 15.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 694,079 shares of the company's stock worth $11,869,000 after acquiring an additional 91,592 shares in the last quarter. Private Management Group Inc. purchased a new position in Paysafe in the fourth quarter valued at approximately $8,489,000. Finally, Bridgeway Capital Management LLC increased its position in shares of Paysafe by 2.7% during the fourth 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 in the last quarter. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

Paysafe Stock Performance

Paysafe stock opened at $15.27 on Tuesday. The company has a market cap of $914.49 million, a P/E ratio of -40.18, a price-to-earnings-growth ratio of 0.48 and a beta of 1.90. Paysafe Limited has a fifty-two week low of $13.01 and a fifty-two week high of $26.25. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. The firm's 50 day simple moving average is $15.69 and its 200-day simple moving average is $18.10.

Paysafe (NYSE:PSFE - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.17). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The business had revenue of $420.07 million for the quarter, compared to the consensus estimate of $437.40 million. As a group, equities research analysts predict that Paysafe Limited will post 1.87 EPS for the current year.

Wall Street Analysts Forecast Growth

PSFE has been the subject of a number of analyst reports. UBS Group increased their target price on Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a research note on Wednesday, February 12th. Bank of America decreased their price target on shares of Paysafe from $18.00 to $16.00 and set an "underperform" rating on the stock in a research note on Monday, March 10th. Finally, Susquehanna decreased their target price on shares of Paysafe from $17.00 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd.

About Paysafe

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.

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