Bryce Point Capital LLC Invests $727,000 in Sezzle Inc. (NASDAQ:SEZL)

Bryce Point Capital LLC purchased a new stake in Sezzle Inc. (NASDAQ:SEZL) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,844 shares of the company’s stock, valued at approximately $727,000. Bryce Point Capital LLC owned 0.05% of Sezzle as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers boosted its position in Sezzle by 1.8% during the 4th quarter. Rhumbline Advisers now owns 2,556 shares of the company’s stock worth $654,000 after acquiring an additional 45 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in Sezzle in the 4th quarter valued at $30,000. Meeder Asset Management Inc. bought a new stake in Sezzle during the 4th quarter worth about $31,000. Alliancebernstein L.P. boosted its stake in shares of Sezzle by 6.7% during the 4th quarter. Alliancebernstein L.P. now owns 2,700 shares of the company’s stock worth $691,000 after buying an additional 170 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Sezzle by 22.2% in the 4th quarter. SG Americas Securities LLC now owns 1,184 shares of the company’s stock valued at $303,000 after acquiring an additional 215 shares in the last quarter. Institutional investors and hedge funds own 2.02% of the company’s stock.

Insider Buying and Selling at Sezzle

In other Sezzle news, CFO Karen Hartje sold 20,742 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $52.72, for a total value of $1,093,518.24. Following the completion of the sale, the chief financial officer now owns 210,726 shares of the company’s stock, valued at $11,109,474.72. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 57.65% of the company’s stock.

Sezzle Trading Up 2.3 %

SEZL stock opened at $37.19 on Thursday. Sezzle Inc. has a one year low of $6.73 and a one year high of $79.59. The stock has a market cap of $209.83 million, a price-to-earnings ratio of 3.96 and a beta of 9.09. The company has a fifty day moving average price of $42.69 and a two-hundred day moving average price of $43.56. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40.

Sezzle (NASDAQ:SEZL) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.22. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The firm had revenue of $271.13 billion for the quarter, compared to analysts’ expectations of $73.90 million. Equities analysts anticipate that Sezzle Inc. will post 9.77 EPS for the current year.

Sezzle declared that its board has approved a share buyback plan on Monday, March 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently issued reports on the company. B. Riley reiterated a “buy” rating and set a $62.83 target price (up previously from $62.00) on shares of Sezzle in a report on Wednesday, February 26th. Northland Securities boosted their target price on shares of Sezzle from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th.

About Sezzle

Sezzle Inc operates as a technology-enabled payments company primarily in the United States and Canada. The company provides payment solution in-store and at online retail stores; and through proprietary payments solution that connects consumers with merchants. It also offers Sezzle Platform that provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time; Pay-in-Four, which allows consumers to pay a fourth of the purchase price up front and then another fourth of the purchase price every two weeks thereafter over a total of six weeks; Pay-in-Full that allows consumers to pay for the full value of their order up-front through the Sezzle Platform without the extension of credit; and Pay-in-Two and other alternative installment options, which allow consumer to pay half of the value of their order up-front and the second half in two weeks.