Crestline Management LP Acquires Shares of 62,349 PagSeguro Digital Ltd. (NYSE:PAGS)

Crestline Management LP acquired a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 62,349 shares of the company's stock, valued at approximately $390,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of PagSeguro Digital by 240.0% in the 3rd quarter. Barclays PLC now owns 270,215 shares of the company's stock worth $2,327,000 after acquiring an additional 190,740 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of PagSeguro Digital in the 3rd quarter worth $339,000. Harbour Capital Advisors LLC acquired a new stake in shares of PagSeguro Digital in the 4th quarter worth $482,000. Exchange Traded Concepts LLC increased its stake in shares of PagSeguro Digital by 112.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 81,371 shares of the company's stock worth $509,000 after acquiring an additional 42,990 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of PagSeguro Digital by 16.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock worth $39,770,000 after purchasing an additional 874,777 shares during the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PAGS has been the subject of a number of recent analyst reports. Susquehanna cut their price objective on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research report on Wednesday. Citigroup raised PagSeguro Digital from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Finally, Barclays cut their price objective on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, PagSeguro Digital currently has an average rating of "Moderate Buy" and an average price target of $11.63.

PagSeguro Digital Stock Performance

Shares of PAGS traded down $0.09 during midday trading on Friday, hitting $8.87. The company had a trading volume of 5,387,425 shares, compared to its average volume of 4,868,750. The company's 50-day simple moving average is $8.67 and its 200-day simple moving average is $7.78. The firm has a market capitalization of $2.92 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.51 and a beta of 1.70. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.82.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $857.50 million during the quarter, compared to analysts' expectations of $914.45 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. Equities analysts predict that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital Announces Dividend

The firm also recently announced a -- dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 23rd.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.