Gabelli Funds LLC Acquires 35,707 Shares of Paysafe Limited $PSFE

Key Points

• Gabelli Funds LLC has increased its holdings in Paysafe Limited by 13.4%, owning approximately $4.74 million worth of shares as of their latest SEC filing.
• Multiple hedge funds, including Raymond James and Barclays PLC, have also either added to or increased their stakes in Paysafe during the last quarter, reflecting a growing interest among institutional investors.
• Paysafe reported earnings of $0.46 per share for the last quarter, surpassing analysts' expectations, although it noted a 2.7% decline in revenue year-over-year.

Gabelli Funds LLC raised its position in Paysafe Limited (NYSE:PSFE - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 302,420 shares of the company's stock after buying an additional 35,707 shares during the period. Gabelli Funds LLC owned 0.50% of Paysafe worth $4,745,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PSFE. Dimensional Fund Advisors LP boosted its position in 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 purchasing an additional 75,677 shares during the last quarter. Sunriver Management LLC purchased a new position in shares of Paysafe in the 1st quarter worth about $18,917,000. Private Management Group Inc. boosted its holdings in shares of Paysafe by 116.6% in the 1st quarter. Private Management Group Inc. now owns 1,075,043 shares of the company's stock worth $16,867,000 after buying an additional 578,606 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in 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 buying an additional 12,156 shares during the last quarter. Finally, Foundry Partners LLC raised its position in Paysafe by 1.4% in the first quarter. Foundry Partners LLC now owns 344,353 shares of the company's stock worth $5,403,000 after acquiring an additional 4,657 shares during the period. Hedge funds and other institutional investors own 54.39% of the company's stock.

Paysafe Price Performance

Paysafe stock traded down $0.53 during midday trading on Tuesday, reaching $13.58. 90,069 shares of the stock were exchanged, compared to its average volume of 389,433. Paysafe Limited has a 52 week low of $10.63 and a 52 week high of $26.25. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $813.07 million, a PE ratio of -16.03 and a beta of 1.79. The company's fifty day moving average is $13.19 and its 200-day moving average is $14.36.

Paysafe (NYSE:PSFE - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $428.22 million for the quarter, compared to analysts' expectations of $424.11 million. Paysafe had a negative net margin of 2.93% and a positive return on equity of 9.64%. The business's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Paysafe has set its FY 2025 guidance at 2.210-2.510 EPS. On average, sell-side analysts forecast that Paysafe Limited will post 1.87 EPS for the current year.

Wall Street Analyst Weigh In

PSFE has been the topic of a number of research reports. BTIG Research reaffirmed a "buy" rating on shares of Paysafe in a report on Tuesday, August 12th. Bank of America raised Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price objective for the company in a report on Friday, May 16th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Paysafe currently has an average rating of "Hold" and a consensus target price of $16.95.

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.