Graham Capital Management L.P. Purchases Shares of 1,121 Sezzle Inc. (NASDAQ:SEZL)

Graham Capital Management L.P. acquired a new position in Sezzle Inc. (NASDAQ:SEZL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,121 shares of the company’s stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SEZL. Plato Investment Management Ltd purchased a new position in shares of Sezzle in the 4th quarter worth $30,000. Meeder Asset Management Inc. purchased a new position in shares of Sezzle in the 4th quarter worth $31,000. Federated Hermes Inc. grew its stake in shares of Sezzle by 3,575.0% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock worth $38,000 after buying an additional 143 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of Sezzle in the 4th quarter worth $84,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Sezzle by 94.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 407 shares of the company’s stock worth $104,000 after buying an additional 198 shares in the last quarter. 2.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley reissued a “buy” rating and issued a $62.83 price objective (up from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th.

Sezzle Price Performance

SEZL stock opened at $93.79 on Friday. Sezzle Inc. has a 12 month low of $10.76 and a 12 month high of $95.53. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The company has a 50-day moving average price of $47.72 and a 200 day moving average price of $48.69. The stock has a market cap of $3.12 billion, a PE ratio of 9.98 and a beta of 8.41.

Sezzle (NASDAQ:SEZL) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.22. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The firm had revenue of $271.13 billion during the quarter, compared to analysts’ expectations of $73.90 million. Equities research analysts anticipate that Sezzle Inc. will post 9.77 earnings per share for the current year.

Sezzle announced that its board has initiated a stock repurchase plan on Monday, March 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Sezzle news, COO Amin Sabzivand sold 9,000 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $90.35, for a total value of $813,150.00. Following the completion of the sale, the chief operating officer now directly owns 268,074 shares of the company’s stock, valued at $24,220,485.90. The trade was a 3.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Paradis sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $90.53, for a total transaction of $4,526,500.00. Following the completion of the sale, the director now directly owns 528,382 shares of the company’s stock, valued at approximately $47,834,422.46. This trade represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,396 shares of company stock valued at $32,422,491. Company insiders own 49.49% of the company’s stock.

Sezzle Company Profile

Sezzle Inc operates as a technology-enabled payments company primarily in the United States and Canada. The company provides payment solution in-store and at online retail stores; and through proprietary payments solution that connects consumers with merchants. It also offers Sezzle Platform that provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time; Pay-in-Four, which allows consumers to pay a fourth of the purchase price up front and then another fourth of the purchase price every two weeks thereafter over a total of six weeks; Pay-in-Full that allows consumers to pay for the full value of their order up-front through the Sezzle Platform without the extension of credit; and Pay-in-Two and other alternative installment options, which allow consumer to pay half of the value of their order up-front and the second half in two weeks.