Repay Holdings Corporation $RPAY Shares Bought by Continental Advisors LLC

Key Points

• Continental Advisors LLC increased its stake in Repay Holdings Corporation by 267.2% during the first quarter, now owning 336,090 shares valued at approximately $1.87 million.
• Repay's Board of Directors has initiated a $75 million stock buyback plan, allowing the company to repurchase up to 19% of its shares in the market.
• The company's recent quarterly earnings report revealed $0.20 earnings per share, meeting consensus estimates, with a revenue increase of 0.9% year-over-year.

Continental Advisors LLC lifted its stake in shares of Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 267.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,090 shares of the company's stock after acquiring an additional 244,556 shares during the period. Repay accounts for about 1.0% of Continental Advisors LLC's investment portfolio, making the stock its 27th largest position. Continental Advisors LLC owned 0.34% of Repay worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Sunriver Management LLC lifted its holdings in shares of Repay by 2.1% during the 1st quarter. Sunriver Management LLC now owns 6,168,501 shares of the company's stock worth $34,359,000 after acquiring an additional 125,133 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Repay by 4.4% during the 1st quarter. Wellington Management Group LLP now owns 4,917,703 shares of the company's stock worth $27,392,000 after acquiring an additional 207,212 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Repay by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 4,770,074 shares of the company's stock worth $26,569,000 after acquiring an additional 82,196 shares during the period. American Century Companies Inc. lifted its holdings in shares of Repay by 6.1% during the 1st quarter. American Century Companies Inc. now owns 4,427,315 shares of the company's stock worth $24,660,000 after acquiring an additional 255,667 shares during the period. Finally, Private Management Group Inc. lifted its holdings in shares of Repay by 52.6% during the 1st quarter. Private Management Group Inc. now owns 2,654,679 shares of the company's stock worth $14,787,000 after acquiring an additional 914,529 shares during the period. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Repay Stock Up 0.7%

RPAY opened at $5.92 on Tuesday. The firm has a 50 day moving average price of $5.29 and a 200 day moving average price of $5.11. The company has a market cap of $540.73 million, a PE ratio of -4.70 and a beta of 1.62. Repay Holdings Corporation has a 1 year low of $3.59 and a 1 year high of $9.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.85 and a current ratio of 0.85.

Repay (NASDAQ:RPAY - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The company had revenue of $75.63 million during the quarter, compared to the consensus estimate of $74.24 million. During the same quarter last year, the company earned $0.22 earnings per share. Repay's revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts expect that Repay Holdings Corporation will post 0.72 earnings per share for the current year.

Repay announced that its Board of Directors has initiated a stock buyback plan on Monday, May 12th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to reacquire up to 19% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RPAY. Keefe, Bruyette & Woods increased their price objective on shares of Repay from $5.00 to $5.75 and gave the stock a "market perform" rating in a report on Tuesday, August 12th. Canaccord Genuity Group reiterated a "buy" rating and set a $12.00 price objective on shares of Repay in a report on Friday, August 22nd. DA Davidson dropped their target price on shares of Repay from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. BMO Capital Markets dropped their target price on shares of Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a research report on Tuesday, May 13th. Finally, UBS Group increased their target price on shares of Repay from $4.50 to $5.75 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $7.22.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.