The Manufacturers Life Insurance Company Has $365,000 Stock Position in Repay Holdings Co. (NASDAQ:RPAY)

The Manufacturers Life Insurance Company grew its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY) by 13.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,578 shares of the company’s stock after buying an additional 4,138 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Repay were worth $365,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in RPAY. ProShare Advisors LLC raised its holdings in shares of Repay by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after purchasing an additional 1,174 shares during the period. Bleakley Financial Group LLC boosted its position in Repay by 6.6% during the first quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock worth $220,000 after purchasing an additional 1,232 shares during the period. CWM LLC increased its stake in shares of Repay by 2.8% in the second quarter. CWM LLC now owns 53,785 shares of the company’s stock worth $568,000 after purchasing an additional 1,462 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Repay by 4.1% in the fourth quarter. Fisher Asset Management LLC now owns 52,819 shares of the company’s stock valued at $451,000 after purchasing an additional 2,057 shares during the period. Finally, Diversified Trust Co lifted its stake in shares of Repay by 15.5% during the 2nd quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock valued at $189,000 after buying an additional 2,391 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Price Performance

RPAY stock opened at $7.78 on Friday. The company has a market capitalization of $790.68 million, a PE ratio of -7.94 and a beta of 1.44. The company’s fifty day moving average price is $8.16 and its 200-day moving average price is $9.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.83 and a current ratio of 3.83. Repay Holdings Co. has a one year low of $5.63 and a one year high of $11.27.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. The business had revenue of $74.91 million for the quarter, compared to analysts’ expectations of $76.28 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Repay Holdings Co. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RPAY has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 price target on shares of Repay in a research report on Wednesday, July 3rd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Wednesday, September 25th. Barclays lowered their price objective on shares of Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. DA Davidson reaffirmed a “buy” rating and set a $16.00 target price on shares of Repay in a report on Tuesday, July 9th. Finally, Benchmark reaffirmed a “buy” rating and set a $13.00 target price on shares of Repay in a report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.75.

Insider Buying and Selling at Repay

In other news, EVP Jacob Hamilton Moore sold 7,198 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $8.18, for a total value of $58,879.64. Following the transaction, the executive vice president now directly owns 140,130 shares in the company, valued at approximately $1,146,263.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 269,524 shares of company stock worth $2,222,784 over the last quarter. Insiders own 11.00% of the company’s stock.

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.