SG Americas Securities LLC Purchases Shares of 11,613 Paysign, Inc. (NASDAQ:PAYS)

SG Americas Securities LLC acquired a new position in Paysign, Inc. (NASDAQ:PAYS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,613 shares of the company’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in Paysign by 25.0% during the second quarter. Renaissance Technologies LLC now owns 1,504,380 shares of the company’s stock valued at $6,484,000 after buying an additional 301,000 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Paysign during the 2nd quarter worth $512,000. Herr Investment Group LLC bought a new stake in shares of Paysign during the 1st quarter valued at $179,000. Vanguard Group Inc. increased its stake in shares of Paysign by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 1,649,043 shares of the company’s stock worth $6,035,000 after purchasing an additional 48,489 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Paysign in the 1st quarter worth $147,000. Hedge funds and other institutional investors own 25.89% of the company’s stock.

Insider Activity

In other news, EVP Joan M. Herman sold 15,854 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $4.54, for a total value of $71,977.16. Following the completion of the transaction, the executive vice president now owns 799,743 shares of the company’s stock, valued at $3,630,833.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Joan M. Herman sold 15,854 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $4.54, for a total transaction of $71,977.16. Following the completion of the transaction, the executive vice president now owns 799,743 shares in the company, valued at approximately $3,630,833.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Strobo sold 29,690 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $4.54, for a total transaction of $134,792.60. Following the completion of the sale, the insider now owns 209,811 shares in the company, valued at approximately $952,541.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 360,169 shares of company stock worth $1,477,487 in the last three months. Company insiders own 23.40% of the company’s stock.

Paysign Stock Performance

NASDAQ:PAYS opened at $3.71 on Wednesday. The stock has a 50-day simple moving average of $4.15 and a two-hundred day simple moving average of $4.38. The firm has a market capitalization of $197.14 million, a PE ratio of 28.54 and a beta of 0.96. Paysign, Inc. has a 52-week low of $1.73 and a 52-week high of $5.59.

Paysign (NASDAQ:PAYS) last released its earnings results on Wednesday, July 31st. The company reported $0.01 EPS for the quarter. The company had revenue of $14.33 million for the quarter, compared to analysts’ expectations of $14.07 million. Paysign had a net margin of 14.42% and a return on equity of 32.55%. Equities analysts forecast that Paysign, Inc. will post 0.21 earnings per share for the current fiscal year.

About Paysign

Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card.