1,161,469 Shares in Repay Holdings Co. (NASDAQ:RPAY) Bought by Private Management Group Inc.

Private Management Group Inc. bought a new stake in Repay Holdings Co. (NASDAQ:RPAY - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,161,469 shares of the company's stock, valued at approximately $9,919,000. Private Management Group Inc. owned about 1.16% of Repay at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. acquired a new stake in Repay in the 3rd quarter valued at about $8,492,000. Federated Hermes Inc. bought a new position in Repay in the third quarter valued at approximately $1,783,000. CWM LLC lifted its stake in Repay by 4,262.6% in the third quarter. CWM LLC now owns 85,288 shares of the company's stock valued at $647,000 after buying an additional 83,333 shares in the last quarter. Vanguard Group Inc. lifted its stake in Repay by 1.3% in the third quarter. Vanguard Group Inc. now owns 4,245,695 shares of the company's stock valued at $32,225,000 after buying an additional 53,746 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC lifted its position in shares of Repay by 100.0% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 101,288 shares of the company's stock worth $865,000 after purchasing an additional 50,644 shares in the last quarter. 82.73% of the stock is owned by institutional investors.

Repay Price Performance

Shares of NASDAQ RPAY traded down $0.14 during midday trading on Wednesday, hitting $9.94. 473,839 shares of the company's stock were exchanged, compared to its average volume of 631,007. Repay Holdings Co. has a 12-month low of $5.61 and a 12-month high of $11.22. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -8.15 and a beta of 1.34. The business's fifty day moving average price is $9.83 and its two-hundred day moving average price is $8.25.

Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. The firm had revenue of $75.99 million during the quarter, compared to analyst estimates of $69.94 million. Repay had a positive return on equity of 7.49% and a negative net margin of 37.25%. As a group, research analysts forecast that Repay Holdings Co. will post 0.73 EPS for the current fiscal year.

Insider Activity

In related news, CFO Timothy John Murphy sold 4,925 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $10.00, for a total transaction of $49,250.00. Following the sale, the chief financial officer now directly owns 652,011 shares of the company's stock, valued at $6,520,110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 116,019 shares of company stock worth $1,220,382 over the last three months. 19.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Canaccord Genuity Group reissued a "buy" rating and issued a $13.00 price objective on shares of Repay in a research report on Friday, March 1st. Benchmark assumed coverage on shares of Repay in a research report on Tuesday, February 13th. They issued a "buy" rating and a $10.00 target price for the company. Barclays upped their price objective on shares of Repay from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 16th. Keefe, Bruyette & Woods increased their target price on shares of Repay from $8.50 to $9.50 and gave the stock a "market perform" rating in a report on Monday, March 4th. Finally, DA Davidson reissued a "buy" rating and issued a $16.00 target price on shares of Repay in a report on Monday, March 4th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.25.

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.