Two Sigma Investments LP Purchases 60,453 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Two Sigma Investments LP increased its holdings in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 41.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 206,367 shares of the company's stock after buying an additional 60,453 shares during the period. Two Sigma Investments LP owned about 0.21% of Repay worth $1,575,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of RPAY. Millennium Management LLC boosted its holdings in shares of Repay by 120.6% in the 4th quarter. Millennium Management LLC now owns 1,737,811 shares of the company's stock valued at $13,259,000 after buying an additional 950,185 shares during the period. Private Management Group Inc. boosted its stake in Repay by 71.6% during the 4th quarter. Private Management Group Inc. now owns 1,740,150 shares of the company's stock valued at $13,277,000 after purchasing an additional 726,058 shares during the period. Royce & Associates LP grew its position in Repay by 60.6% in the 4th quarter. Royce & Associates LP now owns 1,812,074 shares of the company's stock worth $13,826,000 after purchasing an additional 683,548 shares during the last quarter. Sunriver Management LLC grew its position in Repay by 11.6% in the 4th quarter. Sunriver Management LLC now owns 6,043,368 shares of the company's stock worth $46,111,000 after purchasing an additional 626,528 shares during the last quarter. Finally, River Road Asset Management LLC grew its position in Repay by 31.7% in the 4th quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company's stock worth $19,006,000 after purchasing an additional 599,840 shares during the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

Repay Price Performance

RPAY stock traded up $0.07 on Friday, hitting $5.22. 1,190,935 shares of the company's stock traded hands, compared to its average volume of 1,111,456. Repay Holdings Co. has a 1-year low of $3.59 and a 1-year high of $11.27. The stock has a market cap of $519.08 million, a price-to-earnings ratio of -6.00 and a beta of 1.60. The stock has a fifty day moving average of $4.49 and a 200-day moving average of $6.29. 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 (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.22 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $76.06 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm's revenue was down 4.2% compared to the same quarter last year. On average, analysts forecast that Repay Holdings Co. will post 0.72 EPS for the current fiscal year.

Repay announced that its board has initiated a stock buyback program on Monday, May 12th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to repurchase up to 19% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on RPAY. UBS Group decreased their target price on shares of Repay from $7.50 to $4.50 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Barclays decreased their target price on shares of Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group reduced their price target on shares of Repay from $13.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Citigroup reduced their price target on shares of Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a research note on Monday, May 19th. Finally, Stephens reaffirmed an "overweight" rating and issued a $11.00 price target on shares of Repay in a research note on Tuesday, March 4th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $7.90.

Insider Buying and Selling at Repay

In related news, President Shaler Alias acquired 15,378 shares of the company's stock in a transaction on Thursday, May 15th. The shares were purchased at an average price of $3.93 per share, for a total transaction of $60,435.54. Following the purchase, the president now owns 264,782 shares in the company, valued at $1,040,593.26. This represents a 6.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Andrew Sr. Morris acquired 86,761 shares of the company's stock in a transaction on Thursday, May 15th. The stock was bought at an average price of $3.89 per share, for a total transaction of $337,500.29. Following the purchase, the chief executive officer now owns 86,761 shares in the company, valued at approximately $337,500.29. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 439,702 shares of company stock worth $1,806,974. 12.00% of the stock is currently owned by company insiders.

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.