Millennium Management LLC Purchases 950,185 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Millennium Management LLC lifted its holdings in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 120.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,737,811 shares of the company's stock after acquiring an additional 950,185 shares during the period. Millennium Management LLC owned 1.78% of Repay worth $13,259,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RPAY. Barclays PLC lifted its holdings in shares of Repay by 2,382.5% in the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company's stock valued at $12,134,000 after acquiring an additional 1,427,078 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock valued at $46,000 after acquiring an additional 2,077 shares during the last quarter. R Squared Ltd bought a new position in shares of Repay in the 4th quarter valued at about $36,000. Private Management Group Inc. lifted its holdings in shares of Repay by 71.6% in the 4th quarter. Private Management Group Inc. now owns 1,740,150 shares of the company's stock valued at $13,277,000 after acquiring an additional 726,058 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Repay by 34.0% in the 4th quarter. Empowered Funds LLC now owns 475,818 shares of the company's stock valued at $3,630,000 after acquiring an additional 120,777 shares during the last quarter. Institutional investors own 82.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on RPAY. Barclays lowered their price target 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. BMO Capital Markets decreased their price objective on shares of Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a research note on Tuesday, May 13th. Stephens reissued an "overweight" rating and issued a $11.00 price objective on shares of Repay in a research note on Tuesday, March 4th. Wall Street Zen downgraded shares of Repay from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, DA Davidson reissued a "buy" rating and issued a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. 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, Repay has an average rating of "Moderate Buy" and an average price target of $7.90.

Repay Trading Up 4.0%

Shares of Repay stock traded up $0.18 on Wednesday, hitting $4.73. 802,781 shares of the company traded hands, compared to its average volume of 1,063,626. The stock's 50 day moving average price is $4.61 and its 200-day moving average price is $6.46. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a 52 week low of $3.59 and a 52 week high of $11.27. The company has a market cap of $470.65 million, a PE ratio of -5.42 and a beta of 1.61.

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

Repay declared that its Board of Directors has initiated a stock buyback plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In other Repay news, President Shaler Alias acquired 15,378 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were bought at an average cost of $3.93 per share, with a total value of $60,435.54. Following the completion of the acquisition, the president now directly owns 264,782 shares in the company, 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 can be accessed through the SEC website. Also, CEO John Andrew Sr. Morris acquired 86,761 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average cost of $3.89 per share, for a total transaction of $337,500.29. Following the completion of the acquisition, the chief executive officer now 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 quarter, insiders purchased 439,702 shares of company stock valued at $1,806,974. Corporate insiders own 12.00% of the company's stock.

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.