Steamboat Capital Partners LLC Makes New Investment in Paysafe Limited (NYSE:PSFE)

Steamboat Capital Partners LLC acquired a new position in shares of Paysafe Limited (NYSE:PSFE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Spire Wealth Management bought a new position in Paysafe in the fourth quarter valued at $26,000. Bfsg LLC bought a new position in Paysafe in the fourth quarter valued at $78,000. Quantbot Technologies LP bought a new position in Paysafe in the fourth quarter valued at $169,000. Graham Capital Management L.P. bought a new position in shares of Paysafe in the 4th quarter valued at about $193,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Paysafe by 25.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,078 shares of the company's stock valued at $194,000 after acquiring an additional 2,215 shares during the period. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Paysafe Stock Performance

Shares of NYSE PSFE traded down $0.67 during mid-day trading on Wednesday, reaching $11.77. 534,539 shares of the company were exchanged, compared to its average volume of 324,268. The company's 50-day simple moving average is $15.15 and its 200-day simple moving average is $17.53. 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 capitalization of $704.76 million, a P/E ratio of -30.97, a P/E/G ratio of 0.48 and a beta of 1.90. Paysafe Limited has a twelve month low of $11.75 and a twelve month high of $26.25.

Paysafe (NYSE:PSFE - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 12.92% and a negative net margin of 1.38%. The business had revenue of $420.07 million during the quarter, compared to analyst estimates of $437.40 million. As a group, research analysts predict that Paysafe Limited will post 1.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on PSFE. Bank of America raised shares of Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price objective for the company in a research report on Friday, May 16th. Susquehanna decreased their price objective on shares of Paysafe from $17.00 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Finally, UBS Group lifted their price objective on shares of Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a research report on Wednesday, February 12th.

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.