Repay Holdings Co. (NASDAQ:RPAY) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC grew its position in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 32.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 295,408 shares of the company's stock after acquiring an additional 72,026 shares during the quarter. Squarepoint Ops LLC owned about 0.30% of Repay worth $2,254,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Quarry LP purchased a new stake in Repay during the 4th quarter valued at approximately $27,000. R Squared Ltd acquired a new position in shares of Repay in the fourth quarter valued at approximately $36,000. Blue Trust Inc. raised 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 purchasing an additional 2,077 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Repay during the fourth quarter worth approximately $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 hedge funds and other institutional investors.

Repay Price Performance

Shares of RPAY traded up $0.02 on Friday, reaching $4.82. The stock had a trading volume of 3,342,510 shares, compared to its average volume of 1,087,667. Repay Holdings Co. has a twelve month low of $3.59 and a twelve month high of $11.27. The firm has a market capitalization of $479.30 million, a PE ratio of -5.54 and a beta of 1.61. The firm has a 50-day moving average of $4.57 and a 200 day moving average of $6.42. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64.

Repay (NASDAQ:RPAY - Get Free Report) last posted its 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 firm had revenue of $77.33 million during the quarter, compared to analyst estimates of $76.06 million. During the same period last year, the company posted $0.23 EPS. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. Sell-side analysts expect that Repay Holdings Co. will post 0.72 EPS for the current year.

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Morgan Stanley set a $4.50 price objective on shares of Repay in a research note on Wednesday, May 14th. Citigroup dropped 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 reduced 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 report on Tuesday, May 13th. DA Davidson reiterated a "buy" rating and set a $14.00 target price on shares of Repay in a research report on Thursday, February 27th. Finally, Wall Street Zen downgraded Repay from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $7.90.

Insider Activity at Repay

In other Repay news, CEO John Andrew Sr. Morris acquired 163,041 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was acquired at an average cost of $4.20 per share, with a total value of $684,772.20. Following the purchase, the chief executive officer now directly owns 253,041 shares in the company, valued at approximately $1,062,772.20. This trade represents a 181.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, 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 price of $3.93 per share, with a total value of $60,435.54. Following the completion of the transaction, the president now directly owns 264,782 shares in the company, valued at approximately $1,040,593.26. The trade was a 6.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 439,702 shares of company stock valued at $1,806,974. 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.