Private Management Group Inc. Acquires Shares of 496,437 Paysafe Limited (NYSE:PSFE)

Private Management Group Inc. acquired a new position in shares of Paysafe Limited (NYSE:PSFE) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 496,437 shares of the company’s stock, valued at approximately $8,489,000.

Several other institutional investors have also modified their holdings of the company. State Street Corp raised its stake in Paysafe by 1.5% in the third quarter. State Street Corp now owns 1,427,043 shares of the company’s stock valued at $32,009,000 after buying an additional 20,418 shares in the last quarter. Foundry Partners LLC purchased a new position in shares of Paysafe in the 3rd quarter valued at about $5,450,000. Empowered Funds LLC lifted its stake in Paysafe by 5.3% during the third quarter. Empowered Funds LLC now owns 238,448 shares of the company’s stock worth $5,348,000 after purchasing an additional 12,060 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Paysafe by 42.1% in the second quarter. AQR Capital Management LLC now owns 87,605 shares of the company’s stock valued at $1,524,000 after purchasing an additional 25,953 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Paysafe in the third quarter valued at approximately $1,105,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Paysafe Trading Up 0.9 %

PSFE opened at $19.82 on Thursday. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -52.15, a price-to-earnings-growth ratio of 0.48 and a beta of 1.89. Paysafe Limited has a 52 week low of $11.94 and a 52 week high of $26.25. The business’s 50 day moving average is $18.35 and its two-hundred day moving average is $20.24. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76.

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.