Steamboat Capital Partners LLC Acquires Shares of 67,295 Paysafe Limited (NYSE:PSFE)

Steamboat Capital Partners LLC bought a new position in shares of Paysafe Limited (NYSE:PSFE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Spire Wealth Management acquired a new stake in shares of Paysafe during the fourth quarter worth $26,000. Bfsg LLC acquired a new stake in shares of Paysafe during the fourth quarter worth $78,000. Quantbot Technologies LP acquired a new stake in shares of Paysafe during the fourth quarter worth $169,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Paysafe by 25.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,078 shares of the company’s stock worth $194,000 after purchasing an additional 2,215 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in shares of Paysafe during the fourth quarter worth $193,000. 54.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PSFE has been the topic of a number of research reports. Susquehanna dropped their target price on shares of Paysafe from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. UBS Group increased their target price on shares of Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a report on Wednesday, February 12th. Finally, Bank of America raised shares of Paysafe from an “underperform” rating to a “neutral” rating and set a $14.30 price objective on the stock in a report on Friday.

Paysafe Stock Up 2.0%

PSFE stock opened at $12.74 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76. Paysafe Limited has a fifty-two week low of $12.38 and a fifty-two week high of $26.25. The firm’s 50-day simple moving average is $15.26 and its 200 day simple moving average is $17.65. The stock has a market cap of $762.97 million, a PE ratio of -33.53, a price-to-earnings-growth ratio of 0.48 and a beta of 1.90.

Paysafe (NYSE:PSFE) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.32). Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. The firm had revenue of $401.00 million during the quarter, compared to analyst estimates of $404.45 million. As a group, sell-side analysts predict that Paysafe Limited will post 1.87 EPS for the current year.

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.