Private Management Group Inc. Has $14.79 Million Position in Repay Holdings Corporation (NASDAQ:RPAY)

Key Points

• Private Management Group Inc. increased its stake in Repay Holdings Corporation by 52.6%, owning 2,654,679 shares valued at approximately $14.79 million.
• Repay Holdings reported a quarterly earnings miss with an EPS of $0.22, falling short of the consensus estimate of $0.23, and achieved a revenue of $77.33 million, down 4.2% year-over-year.
• The company's board approved a $75 million stock buyback program, indicating confidence in the stock's undervaluation, allowing for the repurchase of up to 19% of its stock.

Private Management Group Inc. raised its holdings in shares of Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 52.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,654,679 shares of the company's stock after purchasing an additional 914,529 shares during the quarter. Private Management Group Inc. owned approximately 2.72% of Repay worth $14,787,000 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. Invesco Ltd. grew its stake in Repay by 1.4% in the 4th quarter. Invesco Ltd. now owns 159,371 shares of the company's stock valued at $1,216,000 after buying an additional 2,142 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of Repay by 52.5% during the first quarter. Spire Wealth Management now owns 7,610 shares of the company's stock worth $42,000 after acquiring an additional 2,620 shares during the period. Quarry LP acquired a new position in shares of Repay in the fourth quarter valued at approximately $27,000. Price T Rowe Associates Inc. MD increased its stake in shares of Repay by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,600 shares of the company's stock worth $264,000 after purchasing an additional 4,635 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Repay by 3.8% during 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 worth $1,029,000 after purchasing an additional 4,980 shares during the period. 82.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO John Andrew Sr. Morris bought 163,041 shares of the company's stock in a transaction on 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 trade represents a 181.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, President Shaler Alias purchased 174,404 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were purchased at an average cost of $4.15 per share, for a total transaction of $723,776.60. Following the completion of the purchase, the president directly owned 249,404 shares of the company's stock, valued at approximately $1,035,026.60. This represents a 232.54% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 439,702 shares of company stock valued at $1,806,974. 12.00% of the stock is owned by corporate insiders.

Repay Price Performance

RPAY stock opened at $5.16 on Friday. The company's 50-day moving average price is $4.81 and its two-hundred day moving average price is $5.57. The firm has a market cap of $513.11 million, a P/E ratio of -34.40 and a beta of 1.59. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.65. Repay Holdings Corporation has a 12 month low of $3.59 and a 12 month high of $10.02.

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

Repay announced that its board has approved a stock repurchase program on Monday, May 12th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 19% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen downgraded Repay from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays reduced their target price on shares of Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Citigroup decreased their price target on shares of Repay from $8.00 to $4.50 and set a "neutral" rating on the stock in a research note on Monday, May 19th. Keefe, Bruyette & Woods dropped their price objective on shares of Repay from $6.50 to $4.50 and set a "market perform" rating for the company in a research note on Tuesday, May 13th. Finally, BMO Capital Markets cut their price objective 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $7.90.

Repay Company 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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