R Squared Ltd Takes Position in Repay Holdings Co. (NASDAQ:RPAY)

R Squared Ltd bought a new stake in Repay Holdings Co. (NASDAQ:RPAY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,680 shares of the company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP bought a new position in Repay during the 3rd quarter valued at $37,197,000. Barclays PLC boosted its stake in Repay by 2,382.5% during the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after acquiring an additional 1,427,078 shares during the last quarter. Bank of Montreal Can boosted its stake in Repay by 8,811.5% during the 3rd quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock valued at $10,594,000 after acquiring an additional 1,286,917 shares during the last quarter. River Road Asset Management LLC boosted its stake in Repay by 89.9% during the 3rd quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock valued at $15,431,000 after acquiring an additional 895,429 shares during the last quarter. Finally, Aequim Alternative Investments LP boosted its stake in Repay by 640.7% during the 3rd quarter. Aequim Alternative Investments LP now owns 578,484 shares of the company’s stock valued at $4,720,000 after acquiring an additional 500,384 shares during the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the transaction, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at $3,719,751.75. This represents a 11.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Repay Stock Down 1.3 %

RPAY stock opened at $7.37 on Tuesday. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a fifty-two week low of $7.15 and a fifty-two week high of $11.27. The firm’s 50-day simple moving average is $7.75 and its 200 day simple moving average is $8.15. The stock has a market cap of $719.56 million, a PE ratio of -8.47 and a beta of 1.42.

Repay (NASDAQ:RPAY) last released its earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $79.15 million for the quarter, compared to analysts’ expectations of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. Repay’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. As a group, sell-side analysts predict that Repay Holdings Co. will post 0.72 EPS for the current year.

Analyst Upgrades and Downgrades

RPAY has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 target price on shares of Repay in a report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.33.

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.