Joule Financial LLC Makes New $1.48 Million Investment in Paysign, Inc. (NASDAQ:PAYS)

Joule Financial LLC bought a new position in shares of Paysign, Inc. (NASDAQ:PAYS) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 402,783 shares of the company’s stock, valued at approximately $1,478,000. Paysign accounts for 0.5% of Joule Financial LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of PAYS. SG Americas Securities LLC bought a new position in Paysign during the third quarter worth $43,000. Algert Global LLC bought a new position in shares of Paysign during the 2nd quarter worth about $46,000. Norden Group LLC raised its position in shares of Paysign by 38.7% during the first quarter. Norden Group LLC now owns 14,883 shares of the company’s stock valued at $54,000 after buying an additional 4,151 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Paysign in the second quarter valued at about $66,000. Finally, American Century Companies Inc. acquired a new stake in Paysign during the second quarter worth about $92,000. 25.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Paysign in a report on Friday, June 28th.

Insider Buying and Selling

In other Paysign news, CEO Mark Newcomer sold 69,593 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $4.54, for a total value of $315,952.22. Following the sale, the chief executive officer now directly owns 9,548,886 shares in the company, valued at $43,351,942.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Mark Newcomer sold 69,593 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $4.54, for a total value of $315,952.22. Following the sale, the chief executive officer now owns 9,548,886 shares in the company, valued at approximately $43,351,942.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Strobo sold 29,690 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $4.54, for a total transaction of $134,792.60. Following the sale, the insider now owns 209,811 shares of the company’s stock, valued at $952,541.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 302,169 shares of company stock worth $1,263,227 in the last 90 days. 23.40% of the stock is owned by company insiders.

Paysign Stock Performance

Shares of PAYS stock traded up $0.01 during mid-day trading on Friday, reaching $4.02. The company’s stock had a trading volume of 8,375 shares, compared to its average volume of 259,538. The firm’s 50-day moving average is $4.29 and its two-hundred day moving average is $4.41. Paysign, Inc. has a 1-year low of $1.67 and a 1-year high of $5.59. The company has a market cap of $212.97 million, a P/E ratio of 30.85 and a beta of 0.96.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $14.33 million during the quarter, compared to analyst estimates of $14.07 million. Paysign had a net margin of 14.42% and a return on equity of 32.55%. Sell-side analysts anticipate that Paysign, Inc. will post 0.21 EPS for the current year.

Paysign 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.