Palogic Value Management L.P. Takes Position in Paysafe Limited (NYSE:PSFE)

Palogic Value Management L.P. bought a new position in shares of Paysafe Limited (NYSE:PSFE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 64,584 shares of the company's stock, valued at approximately $1,104,000. Palogic Value Management L.P. owned approximately 0.11% of Paysafe at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in shares of Paysafe by 5.7% in the fourth quarter. SG Americas Securities LLC now owns 13,903 shares of the company's stock valued at $238,000 after buying an additional 754 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Paysafe by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,183 shares of the company's stock valued at $341,000 after purchasing an additional 835 shares during the last quarter. Spire Wealth Management bought a new stake in Paysafe during the fourth quarter valued at approximately $26,000. Principal Financial Group Inc. grew its holdings in Paysafe by 10.7% during the 4th quarter. Principal Financial Group Inc. now owns 37,727 shares of the company's stock valued at $645,000 after buying an additional 3,651 shares in the last quarter. Finally, Bfsg LLC purchased a new position in shares of Paysafe in the fourth quarter valued at $78,000. Institutional investors and hedge funds own 54.39% of the company's stock.

Paysafe Trading Down 0.4 %

Shares of NYSE:PSFE traded down $0.08 during midday trading on Tuesday, reaching $17.85. The company's stock had a trading volume of 536,983 shares, compared to its average volume of 317,041. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -46.97, a PEG ratio of 0.48 and a beta of 1.87. The firm has a 50 day moving average price of $18.44 and a two-hundred day moving average price of $19.63. Paysafe Limited has a fifty-two week low of $14.06 and a fifty-two week high of $26.25. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14.

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Paysafe (NYSE:PSFE - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $420.07 million during the quarter, compared to the consensus estimate of $437.40 million. As a group, analysts forecast that Paysafe Limited will post 1.87 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PSFE. Bank of America cut their price objective on shares of Paysafe from $18.00 to $16.00 and set an "underperform" rating on the stock in a research report on Monday, March 10th. UBS Group upped their target price 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. Finally, Susquehanna lowered their price target on shares of Paysafe from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th.

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.