AlphaCrest Capital Management LLC Buys Shares of 61,614 Repay Holdings Co. (NASDAQ:RPAY)

AlphaCrest Capital Management LLC bought a new stake in shares of Repay Holdings Co. (NASDAQ:RPAYGet Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 61,614 shares of the company’s stock, valued at approximately $1,126,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP raised its position in Repay by 12.6% during the 3rd quarter. Wellington Management Group LLP now owns 12,262,447 shares of the company’s stock valued at $282,404,000 after purchasing an additional 1,373,363 shares in the last quarter. BlackRock Inc. raised its position in Repay by 6.2% during the 3rd quarter. BlackRock Inc. now owns 6,270,244 shares of the company’s stock valued at $144,404,000 after purchasing an additional 363,429 shares in the last quarter. Bamco Inc. NY raised its position in Repay by 1.4% during the 3rd quarter. Bamco Inc. NY now owns 3,567,476 shares of the company’s stock valued at $82,159,000 after purchasing an additional 50,476 shares in the last quarter. Capital World Investors raised its position in shares of Repay by 3.3% in the 3rd quarter. Capital World Investors now owns 3,089,000 shares of the company’s stock worth $71,140,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of Repay by 41.0% in the 4th quarter. Royce & Associates LP now owns 1,752,204 shares of the company’s stock worth $32,013,000 after acquiring an additional 509,391 shares in the last quarter.

Shares of RPAY stock opened at $10.40 on Friday. Repay Holdings Co. has a 1-year low of $9.79 and a 1-year high of $25.75. The stock’s fifty day moving average price is $14.04 and its 200 day moving average price is $16.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $941.76 million, a price-to-earnings ratio of -37.14 and a beta of 0.75.

Repay (NASDAQ:RPAYGet Rating) last announced its earnings results on Tuesday, May 10th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). The business had revenue of $67.56 million for the quarter, compared to analysts’ expectations of $67.36 million. Repay had a positive return on equity of 6.87% and a negative net margin of 8.63%. The firm’s quarterly revenue was up 42.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. As a group, equities research analysts anticipate that Repay Holdings Co. will post 0.7 earnings per share for the current year.

Several research firms have recently commented on RPAY. Credit Suisse Group reduced their price target on Repay from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, March 2nd. Canaccord Genuity Group reduced their price target on Repay from $30.00 to $25.00 in a research report on Thursday. BTIG Research reduced their price target on Repay from $31.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, January 26th. Morgan Stanley reduced their price target on Repay from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 2nd. Finally, Zacks Investment Research downgraded Repay from a “buy” rating to a “hold” rating in a research note on Friday, March 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Repay currently has a consensus rating of “Buy” and a consensus target price of $22.00.

In other Repay news, EVP Naomi Barnett sold 6,500 shares of the business’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $14.72, for a total transaction of $95,680.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 11.66% of the stock is currently owned by insiders.

Repay Company Profile (Get Rating)

Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods. It also offers a range of solutions relating to electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing, and instant funding that are processed through its proprietary payment channels, such as Web-based, mobile application, text-to-pay, interactive voice response, and point of sale.

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Institutional Ownership by Quarter for Repay (NASDAQ:RPAY)

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