North Reef Capital Management LP Sells 119,301 Shares of Repay Holdings Co. (NASDAQ:RPAY)

North Reef Capital Management LP trimmed its position in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 29.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 280,684 shares of the company's stock after selling 119,301 shares during the period. North Reef Capital Management LP owned approximately 0.29% of Repay worth $2,142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RPAY. Sunriver Management LLC grew its stake in shares of Repay by 11.6% in the 4th quarter. Sunriver Management LLC now owns 6,043,368 shares of the company's stock valued at $46,111,000 after purchasing an additional 626,528 shares during the period. Wellington Management Group LLP grew its position in Repay by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 4,710,491 shares of the company's stock worth $35,941,000 after acquiring an additional 152,078 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Repay by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company's stock valued at $33,114,000 after purchasing an additional 243,743 shares in the last quarter. American Century Companies Inc. boosted its stake in Repay by 6.8% in the fourth quarter. American Century Companies Inc. now owns 4,171,648 shares of the company's stock worth $31,830,000 after purchasing an additional 267,184 shares in the last quarter. Finally, River Road Asset Management LLC increased its stake in shares of Repay by 31.7% in the fourth quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company's stock valued at $19,006,000 after buying an additional 599,840 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors.

Repay Trading Down 4.1 %

Shares of RPAY stock traded down $0.17 on Wednesday, reaching $3.93. The company had a trading volume of 1,041,935 shares, compared to its average volume of 914,628. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The stock has a market cap of $383.13 million, a PE ratio of -4.52 and a beta of 1.64. The company has a 50-day moving average of $5.50 and a 200-day moving average of $7.00. Repay Holdings Co. has a 12 month low of $3.82 and a 12 month high of $11.27.

Analysts Set New Price Targets

RPAY has been the subject of a number of research analyst reports. UBS Group cut their price target on Repay from $9.50 to $7.50 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Keefe, Bruyette & Woods cut their price target on Repay from $9.00 to $8.00 and set a "market perform" rating for the company in a report on Monday, January 6th. Canaccord Genuity Group cut their price target on Repay from $13.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Stephens reissued an "overweight" rating and set a $11.00 price objective on shares of Repay in a report on Tuesday, March 4th. Finally, Barclays dropped their price objective on Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.94.

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.