CastleKnight Management LP Has $5.71 Million Stock Holdings in Paysafe Limited (NYSE:PSFE)

CastleKnight Management LP increased its holdings in shares of Paysafe Limited (NYSE:PSFE - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

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

Analysts Set New Price Targets

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

Paysafe Stock Up 0.7 %

PSFE stock traded up $0.10 during trading on Friday, hitting $15.48. 363,246 shares of the company's stock were exchanged, compared to its average volume of 326,267. The stock has a market capitalization of $927.07 million, a price-to-earnings ratio of -40.74, a PEG ratio of 0.48 and a beta of 1.90. Paysafe Limited has a 52-week low of $13.01 and a 52-week high of $26.25. The business has a 50-day moving average price of $15.43 and a two-hundred day moving average price of $17.94. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76.

Paysafe (NYSE:PSFE - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $0.43 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $420.07 million for the quarter, compared to analyst estimates of $437.40 million. As a group, equities research analysts expect that Paysafe Limited will post 1.87 EPS for the current 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.