Ararat Capital Management Adds $10.5 Million Stake in Flywire Amid 70% Stock Drop.

Ararat Capital Management initiated a new position in Flywire Corporation, adding 774,864 shares worth $10.5 million in Q3. The stake accounts for 5.6% of the fund's reportable assets under management, placing Flywire outside the top five holdings. Flywire's share price has fallen 38% over the past year, but the company has reported 27.6% YoY revenue growth and a 29.4% adjusted EBITDA margin.