Y Intercept Hong Kong Ltd Takes Position 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) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 64,723 shares of the company's stock, valued at approximately $361,000. Y Intercept Hong Kong Ltd owned about 0.07% of Repay as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP acquired a new stake in Repay during the 4th quarter valued at $27,000. Spire Wealth Management raised its stake in Repay by 52.5% during the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company's stock valued at $42,000 after purchasing an additional 2,620 shares during the period. Johnson Financial Group Inc. acquired a new stake in Repay during the 4th quarter valued at $47,000. Teacher Retirement System of Texas acquired a new position in shares of Repay in the first quarter worth $61,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Repay during the fourth quarter valued at about $111,000. Institutional investors and hedge funds own 82.73% of the company's stock.

Analyst Ratings Changes

RPAY has been the subject of a number of recent analyst reports. Barclays decreased their price target 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, May 22nd. Keefe, Bruyette & Woods decreased their price target on shares of Repay from $6.50 to $4.50 and set a "market perform" rating for the company in a report on Tuesday, May 13th. BMO Capital Markets decreased their price target on shares of Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a report on Tuesday, May 13th. Finally, Citigroup reduced their target price 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. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Repay presently has an average rating of "Moderate Buy" and an average price target of $7.90.

Repay Price Performance

NASDAQ:RPAY traded down $0.09 during mid-day trading on Friday, hitting $4.83. The company's stock had a trading volume of 997,329 shares, compared to its average volume of 1,240,612. Repay Holdings Corporation has a fifty-two week low of $3.59 and a fifty-two week high of $9.75. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $480.30 million, a price-to-earnings ratio of -32.20 and a beta of 1.59. The stock has a fifty day moving average of $4.90 and a 200-day moving average of $5.50.

Repay (NASDAQ:RPAY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Repay had a positive return on equity of 8.49% and a negative net margin of 4.16%. The business 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 earned $0.23 EPS. The business's revenue for the quarter was down 4.2% on a year-over-year basis. As a group, equities analysts forecast that Repay Holdings Corporation will post 0.72 EPS for the current fiscal year.

Repay announced that its board has authorized 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 reacquire up to 19% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.

Insider Activity

In other 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 bought at an average price of $4.20 per share, with a total value of $684,772.20. Following the completion of the acquisition, the chief executive officer owned 253,041 shares in the company, valued at approximately $1,062,772.20. This represents a 181.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Shaler Alias acquired 174,404 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were purchased at an average cost of $4.15 per share, with a total value of $723,776.60. Following the acquisition, the president owned 249,404 shares of the company's stock, valued at approximately $1,035,026.60. This represents a 232.54% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 439,702 shares of company stock valued at $1,806,974 in the last three months. Company insiders own 12.00% of the company's stock.

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.