Empowered Funds LLC Acquires 12,156 Shares of Paysafe Limited (NYSE:PSFE)

Empowered Funds LLC increased its holdings in shares of Paysafe Limited (NYSE:PSFE) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,604 shares of the company’s stock after acquiring an additional 12,156 shares during the period. Empowered Funds LLC’s holdings in Paysafe were worth $4,285,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Management Group Inc. purchased a new position in shares of Paysafe during the fourth quarter valued at approximately $8,489,000. Spire Wealth Management bought a new position in Paysafe during the 4th quarter valued at approximately $26,000. SG Americas Securities LLC increased its position in Paysafe by 5.7% during the 4th quarter. SG Americas Securities LLC now owns 13,903 shares of the company’s stock valued at $238,000 after buying an additional 754 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Paysafe by 5.8% during 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 during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in Paysafe in the third quarter worth $764,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PSFE. Royal Bank of Canada reduced their price target on Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. 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 note on Thursday, November 14th.

Paysafe Stock Performance

Shares of PSFE opened at $19.03 on Wednesday. Paysafe Limited has a 12 month low of $11.94 and a 12 month high of $26.25. The business’s fifty day simple moving average is $18.52 and its two-hundred day simple moving average is $20.26. 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 company has a market cap of $1.16 billion, a price-to-earnings ratio of -50.07, a P/E/G ratio of 0.57 and a beta of 1.89.

Paysafe 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.