Y Intercept Hong Kong Ltd Makes New Investment in Repay Holdings Corporation (NASDAQ:RPAY)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Repay Holdings Corporation (NASDAQ:RPAY - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 64,723 shares of the company's stock, valued at approximately $361,000. Y Intercept Hong Kong Ltd owned approximately 0.07% of Repay as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RPAY. Principal Financial Group Inc. grew its holdings in shares of Repay by 9.0% in the first quarter. Principal Financial Group Inc. now owns 166,377 shares of the company's stock valued at $927,000 after purchasing an additional 13,722 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Repay during the first quarter valued at $61,000. Spire Wealth Management grew its stake in shares of Repay by 52.5% in the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company's stock worth $42,000 after buying an additional 2,620 shares in the last quarter. Bfsg LLC increased its holdings in shares of Repay by 40.5% in the 1st quarter. Bfsg LLC now owns 23,410 shares of the company's stock worth $130,000 after buying an additional 6,750 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Repay by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 4,710,491 shares of the company's stock valued at $35,941,000 after buying an additional 152,078 shares in the last quarter. 82.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RPAY shares. BMO Capital Markets reduced their price objective on shares of Repay from $7.00 to $5.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 13th. Wall Street Zen lowered Repay from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Citigroup dropped their price objective on Repay from $8.00 to $4.50 and set a "neutral" rating on the stock in a research note on Monday, May 19th. UBS Group reduced their price objective on Repay from $7.50 to $4.50 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, 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 report on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Repay has a consensus rating of "Moderate Buy" and a consensus price target of $7.90.

Repay Stock Down 1.8%

Repay stock traded down $0.09 during trading hours on Friday, reaching $4.83. The stock had a trading volume of 997,329 shares, compared to its average volume of 887,142. The company has a market cap of $480.30 million, a price-to-earnings ratio of -32.20 and a beta of 1.64. The business's 50 day moving average price is $4.91 and its 200-day moving average price is $5.48. Repay Holdings Corporation has a 52 week low of $3.59 and a 52 week high of $9.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.71 and a quick ratio of 3.71.

Repay (NASDAQ:RPAY - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). Repay had a negative net margin of 4.16% and a positive return on equity of 8.49%. The firm had revenue of $77.33 million for the quarter, compared to analysts' expectations of $76.06 million. During the same period in the previous year, the company earned $0.23 EPS. The company's revenue was down 4.2% on a year-over-year basis. Sell-side analysts anticipate that Repay Holdings Corporation will post 0.72 EPS for the current 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 purchase up to 19% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

About Repay

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.