Hussman Strategic Advisors Inc. Invests $1.32 Million in Sezzle Inc. (NASDAQ:SEZL)

Hussman Strategic Advisors Inc. bought a new stake in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 37,800 shares of the company's stock, valued at approximately $1,319,000. Hussman Strategic Advisors Inc. owned 0.11% of Sezzle as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Sezzle by 28.0% in the 4th quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock worth $1,613,000 after purchasing an additional 1,378 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Sezzle in the 4th quarter worth approximately $311,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Sezzle in the 1st quarter worth approximately $747,000. Rhumbline Advisers raised its holdings in shares of Sezzle by 649.1% in the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock worth $668,000 after purchasing an additional 16,590 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Sezzle by 4,731.8% in the 1st quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company's stock worth $1,367,000 after purchasing an additional 38,375 shares in the last quarter. 2.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Sezzle news, CFO Karen Hartje sold 311,196 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.83, for a total value of $22,353,208.68. Following the transaction, the chief financial officer directly owned 154,266 shares in the company, valued at $11,080,926.78. The trade was a 66.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Paradis sold 50,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $90.53, for a total transaction of $4,526,500.00. Following the completion of the transaction, the director directly owned 528,382 shares of the company's stock, valued at $47,834,422.46. This trade represents a 8.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 498,092 shares of company stock valued at $43,127,736. 49.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SEZL. Wall Street Zen lowered shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Oppenheimer upped their price objective on shares of Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd.

Sezzle Price Performance

NASDAQ:SEZL traded up $0.11 on Friday, reaching $140.59. The stock had a trading volume of 703,177 shares, compared to its average volume of 852,907. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $4.68 billion, a P/E ratio of 47.50 and a beta of 9.16. Sezzle Inc. has a 1-year low of $11.67 and a 1-year high of $186.74. The stock has a fifty day moving average price of $132.88 and a 200-day moving average price of $74.21.

About Sezzle

Sezzle Inc operates as a technology-enabled payments company primarily in the United States and Canada. The company provides payment solution in-store and at online retail stores; and through proprietary payments solution that connects consumers with merchants. It also offers Sezzle Platform that provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time; Pay-in-Four, which allows consumers to pay a fourth of the purchase price up front and then another fourth of the purchase price every two weeks thereafter over a total of six weeks; Pay-in-Full that allows consumers to pay for the full value of their order up-front through the Sezzle Platform without the extension of credit; and Pay-in-Two and other alternative installment options, which allow consumer to pay half of the value of their order up-front and the second half in two weeks.