Los Angeles Capital Management LLC Has $473,000 Position in Paysafe Limited (NYSE:PSFE)

Los Angeles Capital Management LLC lessened its holdings in shares of Paysafe Limited (NYSE:PSFE) by 47.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,644 shares of the company’s stock after selling 24,868 shares during the period. Los Angeles Capital Management LLC’s holdings in Paysafe were worth $473,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PSFE. Bfsg LLC bought a new position in Paysafe in the 4th quarter worth approximately $78,000. Principal Financial Group Inc. grew its stake in shares of Paysafe by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 37,727 shares of the company’s stock worth $645,000 after acquiring an additional 3,651 shares during the last quarter. Empowered Funds LLC increased its position in Paysafe by 5.1% during the fourth quarter. Empowered Funds LLC now owns 250,604 shares of the company’s stock worth $4,285,000 after acquiring an additional 12,156 shares during the period. Private Management Group Inc. acquired a new position in Paysafe during the 4th quarter valued at $8,489,000. Finally, Spire Wealth Management bought a new stake in Paysafe in the 4th quarter valued at $26,000. Institutional investors own 54.39% of the company’s stock.

Paysafe Trading Down 3.1 %

Shares of PSFE stock opened at $19.19 on Tuesday. The firm has a fifty day moving average of $18.80 and a 200-day moving average of $20.22. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -50.50, a P/E/G 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 company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14.

Wall Street Analysts Forecast Growth

PSFE has been the topic of several research reports. Susquehanna dropped their price objective 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. Royal Bank of Canada decreased their target price on Paysafe from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Finally, UBS Group raised their price objective on Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research report on Wednesday, February 12th.

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.