Rhumbline Advisers Acquires 5,339 Shares of Paysign, Inc. (NASDAQ:PAYS)

Rhumbline Advisers increased its holdings in shares of Paysign, Inc. (NASDAQ:PAYS) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,284 shares of the company’s stock after purchasing an additional 5,339 shares during the period. Rhumbline Advisers owned 0.08% of Paysign worth $134,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in shares of Paysign by 33.5% during the fourth quarter. SG Americas Securities LLC now owns 15,508 shares of the company’s stock valued at $47,000 after purchasing an additional 3,895 shares in the last quarter. Bard Associates Inc. acquired a new stake in Paysign in the third quarter valued at approximately $103,000. BNP Paribas Financial Markets boosted its stake in Paysign by 257.0% in the third quarter. BNP Paribas Financial Markets now owns 44,793 shares of the company’s stock valued at $164,000 after acquiring an additional 32,245 shares in the last quarter. Barclays PLC boosted its stake in Paysign by 327.4% in the third quarter. Barclays PLC now owns 47,090 shares of the company’s stock valued at $173,000 after acquiring an additional 36,071 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Paysign by 164.1% in the third quarter. JPMorgan Chase & Co. now owns 63,247 shares of the company’s stock valued at $232,000 after acquiring an additional 39,299 shares in the last quarter. 25.89% of the stock is currently owned by institutional investors.

Paysign Trading Down 4.0 %

NASDAQ PAYS opened at $2.38 on Tuesday. The company has a fifty day simple moving average of $2.79 and a two-hundred day simple moving average of $3.43. The stock has a market cap of $127.44 million, a P/E ratio of 15.87 and a beta of 0.93. Paysign, Inc. has a 12-month low of $2.31 and a 12-month high of $5.59.

Insiders Place Their Bets

In other Paysign news, CEO Mark Newcomer sold 100,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $2.73, for a total value of $273,000.00. Following the completion of the transaction, the chief executive officer now owns 8,936,886 shares of the company’s stock, valued at approximately $24,397,698.78. This trade represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Topline Capital Partners, Lp sold 20,834 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $3.03, for a total transaction of $63,127.02. Following the completion of the transaction, the insider now directly owns 5,611,128 shares of the company’s stock, valued at approximately $17,001,717.84. This represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 927,087 shares of company stock valued at $2,872,039. Insiders own 23.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital assumed coverage on shares of Paysign in a research note on Friday, December 20th. They issued a “buy” rating and a $6.00 target price for the company.

Paysign Company Profile

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.