Repay Holdings Corporation (NASDAQ:RPAY) Stock Position Lifted by CenterBook Partners LP

CenterBook Partners LP boosted its stake in Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 19.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,438,467 shares of the company's stock after acquiring an additional 233,421 shares during the period. CenterBook Partners LP owned about 1.48% of Repay worth $8,012,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RPAY. Quarry LP acquired a new position in Repay during the fourth quarter worth about $27,000. Johnson Financial Group Inc. purchased a new position in Repay during the fourth quarter worth approximately $47,000. Spire Wealth Management raised its stake in shares of Repay by 52.5% in the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company's stock valued at $42,000 after acquiring an additional 2,620 shares during the period. Teacher Retirement System of Texas acquired a new stake in Repay during the 1st quarter valued at $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in Repay during the 4th quarter valued at $106,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Repay

In other news, President Shaler Alias bought 174,404 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average cost of $4.15 per share, with a total value of $723,776.60. Following the completion of the transaction, the president directly owned 249,404 shares in the company, valued at approximately $1,035,026.60. The trade was a 232.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John Andrew Sr. Morris bought 163,041 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was purchased at an average cost of $4.20 per share, for a total transaction of $684,772.20. Following the completion of the transaction, the chief executive officer owned 253,041 shares of the company's stock, valued at $1,062,772.20. This represents a 181.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 439,702 shares of company stock worth $1,806,974 in the last ninety days. Corporate insiders own 12.00% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on RPAY. Keefe, Bruyette & Woods decreased their price objective on shares of Repay from $6.50 to $4.50 and set a "market perform" rating for the company in a report on Tuesday, May 13th. UBS Group decreased their price objective on shares of Repay from $7.50 to $4.50 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Barclays decreased their price objective on shares of Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Citigroup decreased their price objective on shares of Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a report on Monday, May 19th. Finally, BMO Capital Markets decreased their price target on shares of Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $7.90.

Repay Price Performance

Shares of RPAY stock traded down $0.04 during midday trading on Friday, reaching $4.91. 930,524 shares of the company were exchanged, compared to its average volume of 1,264,418. Repay Holdings Corporation has a 12 month low of $3.59 and a 12 month high of $10.02. The company has a market cap of $488.25 million, a P/E ratio of -32.73 and a beta of 1.59. The company's 50 day moving average price is $4.70 and its two-hundred day moving average price is $5.66. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.71 and a current ratio of 3.71.

Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $77.33 million during the quarter, compared to analyst estimates of $76.06 million. Repay had a positive return on equity of 8.49% and a negative net margin of 4.16%. The business's revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. On average, sell-side analysts expect that Repay Holdings Corporation will post 0.72 earnings per share for the current year.

Repay declared that its Board of Directors has approved a share buyback plan on Monday, May 12th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 19% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

About Repay

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.