Steamboat Capital Partners LLC Buys New Shares in Paysafe Limited (NYSE:PSFE)

Steamboat Capital Partners LLC bought a new stake in Paysafe Limited (NYSE:PSFE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 67,295 shares of the company's stock, valued at approximately $1,151,000. Steamboat Capital Partners LLC owned 0.11% of Paysafe as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PSFE. Topline Capital Management LLC purchased a new position in Paysafe in the 4th quarter valued at approximately $34,481,000. Dimensional Fund Advisors LP grew its holdings in Paysafe by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,851,402 shares of the company's stock valued at $31,659,000 after purchasing an additional 75,677 shares during the last quarter. Arrowstreet Capital Limited Partnership increased 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 buying an additional 91,592 shares in the last quarter. Private Management Group Inc. acquired a new position in shares of Paysafe during the 4th quarter worth $8,489,000. Finally, Bridgeway Capital Management LLC raised its stake 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 worth $8,029,000 after buying an additional 12,156 shares during the last quarter. Hedge funds and other institutional investors own 54.39% of the company's stock.

Paysafe Trading Up 0.5%

Shares of NYSE:PSFE traded up $0.06 during trading on Friday, reaching $12.06. The stock had a trading volume of 291,066 shares, compared to its average volume of 373,479. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76. The stock has a market cap of $721.95 million, a P/E ratio of -31.74, a PEG ratio of 0.48 and a beta of 1.90. The business has a fifty day moving average price of $14.98 and a 200-day moving average price of $17.42. Paysafe Limited has a fifty-two week low of $11.60 and a fifty-two week high of $26.25.

Paysafe (NYSE:PSFE - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $437.40 million. As a group, analysts anticipate that Paysafe Limited will post 1.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Bank of America upgraded shares of Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 target price for the company in a report on Friday, May 16th. Susquehanna reduced their target price on Paysafe from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, UBS Group raised their price target on Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a research report on Wednesday, February 12th.

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.