Polymer Capital Management US LLC Acquires New Shares in Paysafe Limited (NYSE:PSFE)

Polymer Capital Management US LLC acquired a new position in Paysafe Limited (NYSE:PSFE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,262 shares of the company's stock, valued at approximately $381,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PSFE. State Street Corp boosted its stake in Paysafe by 1.5% during the 3rd quarter. State Street Corp now owns 1,427,043 shares of the company's stock valued at $32,009,000 after purchasing an additional 20,418 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings 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 during the period. Private Management Group Inc. bought a new position in Paysafe during the fourth quarter valued at about $8,489,000. Foundry Partners LLC grew its holdings in Paysafe by 39.8% during the fourth quarter. Foundry Partners LLC now owns 339,696 shares of the company's stock worth $5,809,000 after acquiring an additional 96,708 shares during the period. Finally, Empowered Funds LLC raised its position in Paysafe by 5.1% in the fourth quarter. Empowered Funds LLC now owns 250,604 shares of the company's stock worth $4,285,000 after acquiring an additional 12,156 shares in the last quarter. Institutional investors own 54.39% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PSFE. UBS Group lifted their price objective on shares of Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a research note on Wednesday, February 12th. Susquehanna decreased their price target on shares of Paysafe from $21.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Finally, Bank of America cut their price objective on Paysafe from $18.00 to $16.00 and set an "underperform" rating for the company in a research report on Monday, March 10th.

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Paysafe Trading Up 3.6 %

PSFE stock traded up $0.50 during mid-day trading on Friday, reaching $14.69. 371,141 shares of the stock traded hands, compared to its average volume of 329,985. Paysafe Limited has a 52-week low of $13.01 and a 52-week high of $26.25. The stock's fifty day moving average is $17.40 and its 200-day moving average is $18.89. The company has a market cap of $893.00 million, a P/E ratio of -38.67, a P/E/G ratio of 0.48 and a beta of 1.91. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76.

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

Paysafe 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.