Exchange Traded Concepts LLC Trims Stock Position in PagSeguro Digital Ltd. $PAGS

Exchange Traded Concepts LLC lessened its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 43.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 94,964 shares of the company’s stock after selling 74,432 shares during the quarter. Exchange Traded Concepts LLC’s holdings in PagSeguro Digital were worth $915,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Causeway Capital Management LLC raised its position in PagSeguro Digital by 44.6% during the third quarter. Causeway Capital Management LLC now owns 3,892,125 shares of the company’s stock valued at $38,921,000 after acquiring an additional 1,200,587 shares in the last quarter. Baupost Group LLC MA purchased a new stake in PagSeguro Digital in the 2nd quarter worth approximately $24,100,000. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of PagSeguro Digital during the 3rd quarter worth approximately $3,864,000. Principal Financial Group Inc. grew its stake in shares of PagSeguro Digital by 43.9% during the 3rd quarter. Principal Financial Group Inc. now owns 788,922 shares of the company’s stock worth $7,889,000 after purchasing an additional 240,846 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of PagSeguro Digital by 508.4% during the 3rd quarter. SG Americas Securities LLC now owns 194,856 shares of the company’s stock valued at $1,949,000 after purchasing an additional 162,828 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

Insiders Place Their Bets

In related news, Director Luis Frias acquired 498,500 shares of the firm’s stock in a transaction on Friday, March 27th. The shares were acquired at an average cost of $9.96 per share, with a total value of $4,965,060.00. Following the completion of the acquisition, the director directly owned 2,673,605 shares in the company, valued at approximately $26,629,105.80. This trade represents a 22.92% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

PagSeguro Digital Trading Up 0.0%

Shares of PAGS opened at $10.35 on Friday. The firm has a market cap of $3.41 billion, a P/E ratio of 8.08, a PEG ratio of 0.42 and a beta of 1.42. PagSeguro Digital Ltd. has a 12 month low of $7.36 and a 12 month high of $12.32. The stock’s 50 day moving average is $10.50 and its two-hundred day moving average is $10.03.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Wednesday, March 4th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%.The business had revenue of $991.79 million during the quarter, compared to the consensus estimate of $1.03 billion. Equities research analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, April 22nd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 10.1%. PagSeguro Digital’s dividend payout ratio is currently 10.94%.

Analyst Ratings Changes

Several equities analysts recently issued reports on PAGS shares. Wall Street Zen cut shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research report on Thursday, January 22nd. Finally, UBS Group upped their price objective on shares of PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.86.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.