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

GSA Capital Partners LLP trimmed its position in shares of Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 49.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,478 shares of the company's stock after selling 94,001 shares during the period. GSA Capital Partners LLP owned about 0.10% of Repay worth $543,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP bought a new position in shares of Repay during the fourth quarter valued at about $27,000. Spire Wealth Management increased its position in shares of Repay by 52.5% during the first quarter. Spire Wealth Management now owns 7,610 shares of the company's stock valued at $42,000 after buying an additional 2,620 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Repay during the fourth quarter valued at about $47,000. Teacher Retirement System of Texas purchased a new position in shares of Repay during the first quarter valued at about $61,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Repay during the fourth quarter valued at about $111,000. 82.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on RPAY shares. UBS Group cut their price objective on shares of Repay from $7.50 to $4.50 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Wall Street Zen cut shares of Repay from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Barclays cut their price objective on shares of Repay from $9.00 to $6.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. BMO Capital Markets cut their price objective on shares of Repay from $7.00 to $5.00 and set a "market perform" rating on the stock in a report on Tuesday, May 13th. Finally, Citigroup cut their price objective on shares of Repay from $8.00 to $4.50 and set a "neutral" rating on the stock in a report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $7.90.

Insider Buying and Selling

In related news, CEO John Andrew Sr. Morris acquired 163,041 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average price of $4.20 per share, for a total transaction of $684,772.20. Following the completion of the transaction, the chief executive officer directly owned 253,041 shares in the company, valued at approximately $1,062,772.20. This trade represents a 181.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Shaler Alias acquired 174,404 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average price of $4.15 per share, for a total transaction of $723,776.60. Following the transaction, the president owned 249,404 shares of the company's stock, valued at $1,035,026.60. This trade represents a 232.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 439,702 shares of company stock worth $1,806,974. 12.00% of the stock is owned by insiders.

Repay Trading Up 1.9%

NASDAQ:RPAY opened at $4.92 on Tuesday. The company's 50 day moving average price is $4.92 and its 200-day moving average price is $5.43. Repay Holdings Corporation has a 52 week low of $3.59 and a 52 week high of $9.75. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.65. The stock has a market cap of $489.24 million, a price-to-earnings ratio of -32.80 and a beta of 1.64.

Repay (NASDAQ:RPAY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). The firm had revenue of $77.33 million for the quarter, compared to analysts' expectations of $76.06 million. Repay had a negative net margin of 4.16% and a positive return on equity of 8.49%. The company's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. On average, equities research analysts forecast that Repay Holdings Corporation will post 0.72 earnings per share for the current fiscal year.

Repay declared that its Board of Directors has authorized 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 buy up to 19% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

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.

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