Southpoint Capital Advisors LP purchased a new stake in shares of Paysafe Limited (NASDAQ:PSFE) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 300,000 shares of the company’s stock, valued at approximately $4,050,000.
Other institutional investors have also recently bought and sold shares of the company. Stieven Capital Advisors L.P. acquired a new stake in shares of Paysafe during the 1st quarter worth approximately $13,745,000. Senator Investment Group LP acquired a new position in shares of Paysafe in the first quarter valued at $31,725,000. Scotia Capital Inc. bought a new position in Paysafe in the first quarter worth $657,000. First Horizon Advisors Inc. acquired a new stake in Paysafe during the first quarter worth $68,000. Finally, Penserra Capital Management LLC bought a new stake in Paysafe in the 1st quarter valued at $1,057,000.
PSFE stock traded down $0.07 during midday trading on Thursday, reaching $10.59. 91,939 shares of the company’s stock traded hands, compared to its average volume of 9,187,085. The business has a 50-day moving average of $11.45. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.13 and a quick ratio of 1.13. Paysafe Limited has a 1-year low of $9.60 and a 1-year high of $19.57.
Paysafe Limited provides digital commerce solutions to online businesses, SMB merchants, and consumers through its Paysafe Network worldwide. It offers digital wallet solutions under the Skrill and NETELLER brands, which enable users to upload, store, withdraw, and pay funds and APMs from a virtual account; Knect, a Skrill-related loyalty program; Net+Prepaid Mastercard, a companion product enabling NETELLER digital wallet active users to access and use stored funds anywhere that Mastercard card products are accepted; rapid transfer solutions; and issuing services for prepaid, virtual, and private label cards on behalf of its merchant customers.
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