Private Management Group Inc. Makes New Investment in Paysafe Limited (NYSE:PSFE)

Private Management Group Inc. purchased a new stake in Paysafe Limited (NYSE:PSFE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 496,437 shares of the company’s stock, valued at approximately $8,489,000. Private Management Group Inc. owned 0.82% of Paysafe as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Spire Wealth Management acquired a new stake in Paysafe in the 4th quarter valued at approximately $26,000. SG Americas Securities LLC boosted its position in shares of Paysafe by 5.7% during the fourth quarter. SG Americas Securities LLC now owns 13,903 shares of the company’s stock worth $238,000 after buying an additional 754 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Paysafe by 5.8% in the third quarter. JPMorgan Chase & Co. now owns 15,183 shares of the company’s stock valued at $341,000 after buying an additional 835 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Paysafe in the 3rd quarter valued at $764,000. Finally, Tidal Investments LLC acquired a new position in Paysafe during the 3rd quarter worth about $627,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

Paysafe Trading Up 0.9 %

NYSE:PSFE opened at $19.82 on Thursday. Paysafe Limited has a 12-month low of $11.94 and a 12-month high of $26.25. The firm has a market cap of $1.20 billion, a PE ratio of -52.15, a price-to-earnings-growth ratio of 0.48 and a beta of 1.89. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. The stock has a fifty day moving average price of $18.35 and a 200 day moving average price of $20.24.

Analyst Ratings Changes

Several research firms have weighed in on PSFE. Royal Bank of Canada dropped their target price on Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Susquehanna dropped their price objective on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, November 14th.

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.