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

Los Angeles Capital Management LLC cut its stake in shares of Paysafe Limited (NYSE:PSFE) by 47.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 large investors have also recently added to or reduced their stakes in the stock. Bfsg LLC purchased a new position in shares of Paysafe during the 4th quarter valued at $78,000. Principal Financial Group Inc. grew its stake in Paysafe by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 37,727 shares of the company’s stock valued at $645,000 after purchasing an additional 3,651 shares in the last quarter. Empowered Funds LLC increased its position in Paysafe by 5.1% in the 4th quarter. Empowered Funds LLC now owns 250,604 shares of the company’s stock worth $4,285,000 after purchasing an additional 12,156 shares during the last quarter. Private Management Group Inc. purchased a new stake in shares of Paysafe during the 4th quarter worth about $8,489,000. Finally, Spire Wealth Management purchased a new stake in shares of Paysafe during the 4th quarter worth about $26,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

Paysafe Stock Down 3.1 %

Shares of PSFE stock opened at $19.19 on Tuesday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -50.50, a PEG ratio of 0.48 and a beta of 1.89. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s 50 day simple moving average is $18.80 and its 200 day simple moving average is $20.22. Paysafe Limited has a twelve month low of $11.94 and a twelve month high of $26.25.

Wall Street Analyst Weigh In

A number of research firms recently commented on PSFE. Susquehanna dropped their price objective on Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. UBS Group increased their price target on shares of Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada reduced their price objective on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th.

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.