Sovereign s Capital Management LLC Buys Shares of 577,760 Repay Holdings Co. (NASDAQ:RPAY)

Sovereign s Capital Management LLC bought a new stake in Repay Holdings Co. (NASDAQ:RPAY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 577,760 shares of the company's stock, valued at approximately $4,408,000. Repay makes up about 2.8% of Sovereign s Capital Management LLC's portfolio, making the stock its 4th largest holding. Sovereign s Capital Management LLC owned approximately 0.59% of Repay as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Repay during the fourth quarter worth $27,000. R Squared Ltd acquired a new stake in shares of Repay during the fourth quarter worth $36,000. Blue Trust Inc. lifted its stake in shares of Repay by 57.9% during the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock worth $46,000 after buying an additional 2,077 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Repay during the fourth quarter worth $47,000. Finally, Olympiad Research LP acquired a new stake in shares of Repay during the fourth quarter worth $80,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RPAY has been the subject of several research reports. Stephens reiterated an "overweight" rating and set a $11.00 price objective on shares of Repay in a research note on Tuesday, March 4th. 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 report on Monday, April 14th. Wall Street Zen cut shares of Repay from a "buy" rating to a "hold" rating in a report on Thursday. Morgan Stanley set a $4.50 target price on shares of Repay in a report on Wednesday, May 14th. Finally, DA Davidson reissued a "buy" rating and set a $14.00 target price on shares of Repay in a report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $7.90.

Insider Activity

In other Repay news, CEO John Andrew Sr. Morris purchased 86,761 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average cost of $3.89 per share, for a total transaction of $337,500.29. Following the completion of the transaction, the chief executive officer now owns 86,761 shares of the company's stock, valued at $337,500.29. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Shaler Alias purchased 174,404 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were acquired at an average price of $4.15 per share, for a total transaction of $723,776.60. Following the completion of the transaction, the president now directly owns 249,404 shares of the company's stock, valued at $1,035,026.60. The trade was a 232.54% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 439,702 shares of company stock worth $1,806,974 over the last 90 days. 12.00% of the stock is currently owned by company insiders.

Repay Stock Performance

RPAY traded down $0.20 on Friday, reaching $4.33. The stock had a trading volume of 2,454,292 shares, compared to its average volume of 1,053,606. Repay Holdings Co. has a 12-month low of $3.59 and a 12-month high of $11.27. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The business's 50-day moving average price is $4.66 and its two-hundred day moving average price is $6.54. The company has a market cap of $430.58 million, a P/E ratio of -4.98 and a beta of 1.61.

Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $77.33 million during the quarter, compared to analysts' expectations of $76.06 million. During the same period in the previous year, the firm posted $0.23 EPS. The firm's quarterly revenue was down 4.2% on a year-over-year basis. Sell-side analysts forecast that Repay Holdings Co. will post 0.72 earnings per share for the current year.

Repay declared that its board has authorized a share 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 repurchase up to 19% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is 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.