GSA Capital Partners LLP Sells 94,001 Shares of Repay Holdings Corporation (NASDAQ:RPAY)

GSA Capital Partners LLP lessened its stake in Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 49.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,478 shares of the company's stock after selling 94,001 shares during the quarter. GSA Capital Partners LLP owned about 0.10% of Repay worth $543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management grew its stake in Repay by 52.5% in the first 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. Principal Financial Group Inc. grew its stake in Repay by 9.0% in the first quarter. Principal Financial Group Inc. now owns 166,377 shares of the company's stock valued at $927,000 after acquiring an additional 13,722 shares during the period. ProShare Advisors LLC grew its stake in Repay by 42.8% in the fourth quarter. ProShare Advisors LLC now owns 24,424 shares of the company's stock valued at $186,000 after acquiring an additional 7,323 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Repay by 3.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,927 shares of the company's stock valued at $1,029,000 after acquiring an additional 4,980 shares during the period. Finally, Private Management Group Inc. grew its stake in Repay by 52.6% in the first quarter. Private Management Group Inc. now owns 2,654,679 shares of the company's stock valued at $14,787,000 after acquiring an additional 914,529 shares during the period. 82.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on RPAY. Keefe, Bruyette & Woods reduced their price objective on Repay from $6.50 to $4.50 and set a "market perform" rating for the company in a research report on Tuesday, May 13th. UBS Group reduced their price objective on Repay from $7.50 to $4.50 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Morgan Stanley set a $4.50 price objective on Repay in a research report on Wednesday, May 14th. Citigroup reduced their price objective on Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a research report on Monday, May 19th. Finally, BMO Capital Markets reduced their price objective on Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a research report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $7.90.

Repay Stock Up 0.1%

NASDAQ RPAY traded up $0.01 during trading hours on Friday, hitting $5.33. 379,795 shares of the company traded hands, compared to its average volume of 1,223,602. The business's 50-day moving average is $4.95 and its 200-day moving average is $5.41. Repay Holdings Corporation has a twelve month low of $3.59 and a twelve month high of $9.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.71 and a current ratio of 3.71. The stock has a market capitalization of $529.52 million, a price-to-earnings ratio of -35.50 and a beta of 1.64.

Repay (NASDAQ:RPAY - Get Free Report) last released 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 the consensus estimate of $76.06 million. Repay had a negative net margin of 4.16% and a positive return on equity of 8.49%. Repay's quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. Sell-side analysts anticipate that Repay Holdings Corporation will post 0.72 earnings per share for the current year.

Repay declared that its Board of Directors has authorized a share buyback program on Monday, May 12th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to buy up to 19% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Insider Activity at Repay

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

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.