Sovereign s Capital Management LLC Buys New Shares in Repay Holdings Co. (NASDAQ:RPAY)

Sovereign s Capital Management LLC bought a new stake in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 577,760 shares of the company's stock, valued at approximately $4,408,000. Repay accounts for approximately 2.8% of Sovereign s Capital Management LLC's investment portfolio, making the stock its 4th largest holding. Sovereign s Capital Management LLC owned 0.59% of Repay as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC raised its position 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 period. Hennion & Walsh Asset Management Inc. raised its position in shares of Repay by 30.2% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,084 shares of the company's stock valued at $153,000 after acquiring an additional 4,659 shares during the period. Blue Trust Inc. raised its position 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 period. R Squared Ltd acquired a new stake in shares of Repay in the 4th quarter valued at approximately $36,000. Finally, Private Management Group Inc. raised its position 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 period. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Repay

In other news, President Shaler Alias bought 174,404 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was acquired at an average cost of $4.15 per share, with a total value of $723,776.60. Following the completion of the purchase, the president now owns 249,404 shares of the company's stock, valued at $1,035,026.60. This represents a 232.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John Andrew Sr. Morris bought 86,761 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was purchased at an average cost of $3.89 per share, with a total value of $337,500.29. Following the completion of the purchase, the chief executive officer now directly owns 86,761 shares of the company's stock, valued at $337,500.29. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired 439,702 shares of company stock valued at $1,806,974 in the last ninety days. 12.00% of the stock is currently owned by corporate insiders.

Repay Stock Down 3.4%

NASDAQ RPAY traded down $0.15 during trading hours on Wednesday, reaching $4.31. 2,711,962 shares of the company's stock were exchanged, compared to its average volume of 1,036,492. The company has a market capitalization of $428.59 million, a price-to-earnings ratio of -4.95 and a beta of 1.61. Repay Holdings Co. has a one year low of $3.59 and a one year high of $11.27. The company's 50-day moving average is $4.72 and its two-hundred day moving average is $6.59. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70.

Repay (NASDAQ:RPAY - Get Free Report) last issued 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). The business had revenue of $77.33 million for the quarter, compared to the consensus estimate of $76.06 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. Repay's revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. On average, analysts forecast that Repay Holdings Co. will post 0.72 EPS for the current fiscal year.

Repay declared that its board has authorized a stock repurchase plan on Monday, May 12th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to repurchase up to 19% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stephens reiterated an "overweight" rating and issued a $11.00 price target on shares of Repay in a research report on Tuesday, March 4th. Morgan Stanley set a $4.50 price target on shares of Repay in a research report on Wednesday, May 14th. Keefe, Bruyette & Woods lowered their target price on Repay from $6.50 to $4.50 and set a "market perform" rating for the company in a research note on Tuesday, May 13th. Barclays lowered their target price on Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, DA Davidson reissued a "buy" rating and set a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Repay presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.90.

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.