Private Management Group Inc. Invests $9.92 Million in Repay Holdings Co. (NASDAQ:RPAY)

Private Management Group Inc. bought a new stake in Repay Holdings Co. (NASDAQ:RPAY) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,161,469 shares of the company’s stock, valued at approximately $9,919,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. acquired a new position in Repay in the 3rd quarter valued at $8,492,000. Federated Hermes Inc. bought a new position in Repay in the third quarter valued at about $1,783,000. CWM LLC raised its position in shares of Repay by 4,262.6% during the third quarter. CWM LLC now owns 85,288 shares of the company’s stock worth $647,000 after acquiring an additional 83,333 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Repay by 1.3% during the third quarter. Vanguard Group Inc. now owns 4,245,695 shares of the company’s stock worth $32,225,000 after acquiring an additional 53,746 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC grew its stake in Repay by 100.0% during 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 during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

Insider Buying and Selling at Repay

In other Repay news, CFO Timothy John Murphy sold 58,275 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $11.03, for a total transaction of $642,773.25. Following the transaction, the chief financial officer now owns 506,924 shares in the company, valued at approximately $5,591,371.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 116,019 shares of company stock valued at $1,220,382 in the last 90 days. Insiders own 19.23% of the company’s stock.

Repay Price Performance

RPAY traded down $0.13 during midday trading on Wednesday, reaching $9.95. 310,386 shares of the company’s stock traded hands, compared to its average volume of 628,384. The firm has a fifty day moving average of $9.81 and a two-hundred day moving average of $8.24. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.52. Repay Holdings Co. has a 52 week low of $5.61 and a 52 week high of $11.22.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The business 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%. On average, equities analysts anticipate that Repay Holdings Co. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Truist Financial reaffirmed a “buy” rating and set a $13.00 target price (up previously from $10.00) on shares of Repay in a research note on Monday, March 4th. Benchmark assumed coverage on Repay in a report on Tuesday, February 13th. They issued a “buy” rating and a $10.00 target price on the stock. Keefe, Bruyette & Woods lifted their price target on Repay from $8.50 to $9.50 and gave the stock a “market perform” rating in a report on Monday, March 4th. DA Davidson reiterated a “buy” rating and set a $16.00 price target on shares of Repay in a report on Monday, March 4th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $13.00 target price on shares of Repay in a research note on Friday, March 1st. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Repay presently has a consensus rating of “Hold” and an average target price of $10.25.

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.