69,910 Shares in Repay Holdings Co. (NASDAQ:RPAY) Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC acquired a new position in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 69,910 shares of the company's stock, valued at approximately $533,000. Lighthouse Investment Partners LLC owned 0.07% of Repay at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position in Repay by 57.9% during the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock worth $46,000 after purchasing an additional 2,077 shares during the period. Invesco Ltd. grew its stake in shares of Repay by 1.4% in the fourth quarter. Invesco Ltd. now owns 159,371 shares of the company's stock valued at $1,216,000 after acquiring an additional 2,142 shares in the last quarter. Bailard Inc. grew its stake in shares of Repay by 5.7% in the fourth quarter. Bailard Inc. now owns 42,600 shares of the company's stock valued at $325,000 after acquiring an additional 2,300 shares in the last quarter. Quarry LP acquired a new position in shares of Repay in the fourth quarter valued at about $27,000. Finally, Bfsg LLC grew its stake in shares of Repay by 29.9% in the fourth quarter. Bfsg LLC now owns 16,660 shares of the company's stock valued at $127,000 after acquiring an additional 3,830 shares in the last quarter. 82.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on RPAY shares. Barclays decreased their price target on shares of Repay from $9.00 to $6.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Stephens reaffirmed an "overweight" rating and set a $11.00 price objective on shares of Repay in a research report on Tuesday, March 4th. Morgan Stanley set a $4.50 price objective on shares of Repay in a research report on Wednesday, May 14th. UBS Group cut their price objective on shares of Repay from $7.50 to $4.50 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, DA Davidson reaffirmed a "buy" rating and set a $14.00 price objective on shares of Repay in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Repay currently has an average rating of "Moderate Buy" and a consensus price target of $7.90.

Repay Price Performance

NASDAQ RPAY traded up $0.11 during trading on Tuesday, hitting $4.23. 324,263 shares of the company's stock were exchanged, compared to its average volume of 1,013,371. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The company has a market cap of $420.13 million, a PE ratio of -4.84 and a beta of 1.61. Repay Holdings Co. has a fifty-two week low of $3.59 and a fifty-two week high of $11.27. The stock's 50 day moving average price is $4.77 and its two-hundred day moving average price is $6.62.

Repay (NASDAQ:RPAY - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $77.33 million for the quarter, compared to analyst estimates of $76.06 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The firm's revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. Research analysts expect that Repay Holdings Co. will post 0.72 EPS for the current year.

Repay announced that its board has authorized a share repurchase plan on Monday, May 12th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to reacquire up to 19% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other news, President Shaler Alias acquired 15,378 shares of the stock in a transaction dated Thursday, May 15th. The stock was bought at an average price of $3.93 per share, with a total value of $60,435.54. Following the completion of the purchase, the president now directly owns 264,782 shares of the company's stock, valued at $1,040,593.26. This represents a 6.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Andrew Sr. Morris acquired 86,761 shares of the stock in a transaction dated Thursday, May 15th. The stock was purchased at an average cost of $3.89 per share, with a total value of $337,500.29. Following the purchase, the chief executive officer now directly owns 86,761 shares of the company's stock, valued at $337,500.29. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 439,702 shares of company stock valued at $1,806,974. 12.00% of the stock is currently owned by corporate insiders.

Repay Profile

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.