Paysafe Limited (NYSE:PSFE) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Paysafe Limited (NYSE:PSFE) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,903 shares of the company’s stock after purchasing an additional 754 shares during the quarter. SG Americas Securities LLC’s holdings in Paysafe were worth $238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd acquired a new stake in Paysafe during the third quarter worth about $176,000. Oppenheimer Asset Management Inc. acquired a new stake in Paysafe during the 3rd quarter valued at approximately $225,000. Verition Fund Management LLC bought a new stake in shares of Paysafe in the 3rd quarter worth about $254,000. Sei Investments Co. bought a new position in Paysafe during the second quarter worth $325,000. Finally, JPMorgan Chase & Co. lifted its holdings in Paysafe by 5.8% in the third quarter. JPMorgan Chase & Co. now owns 15,183 shares of the company’s stock worth $341,000 after acquiring an additional 835 shares during the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Wall Street Analysts Forecast Growth

PSFE has been the topic of several recent research reports. Royal Bank of Canada cut their price objective on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Susquehanna dropped their target price on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th.

Paysafe Stock Up 16.4 %

PSFE stock opened at $23.05 on Friday. The firm has a market capitalization of $1.40 billion, a P/E ratio of -60.66, a P/E/G ratio of 0.48 and a beta of 1.89. The company’s 50 day simple moving average is $18.42 and its 200-day simple moving average is $20.26. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. Paysafe Limited has a 52-week low of $11.94 and a 52-week high of $26.25.

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.