Repay Holdings Co. (NASDAQ:RPAY) Shares Purchased by River Road Asset Management LLC

River Road Asset Management LLC raised its stake in Repay Holdings Co. (NASDAQ:RPAY) by 89.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,891,109 shares of the company’s stock after purchasing an additional 895,429 shares during the period. River Road Asset Management LLC’s holdings in Repay were worth $15,431,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after acquiring an additional 2,771 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Repay during the third quarter worth about $59,000. Creative Planning purchased a new stake in shares of Repay in the 3rd quarter valued at about $115,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Repay in the 3rd quarter valued at about $126,000. Finally, Squarepoint Ops LLC purchased a new position in Repay during the 2nd quarter worth approximately $142,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Price Performance

Shares of Repay stock opened at $8.04 on Tuesday. The company has a 50-day moving average of $8.04 and a two-hundred day moving average of $9.18. Repay Holdings Co. has a 12-month low of $6.01 and a 12-month high of $11.27. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.52.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $74.91 million during the quarter, compared to analysts’ expectations of $76.28 million. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. Repay’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. Analysts expect that Repay Holdings Co. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Repay news, EVP Jacob Hamilton Moore sold 210,632 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total transaction of $1,750,351.92. Following the completion of the transaction, the executive vice president now directly owns 240,130 shares in the company, valued at approximately $1,995,480.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 269,524 shares of company stock worth $2,222,784 in the last three months. Corporate insiders own 11.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RPAY shares. Benchmark reiterated a “buy” rating and issued a $13.00 price objective on shares of Repay in a research note on Tuesday, August 13th. DA Davidson reiterated a “buy” rating and issued a $16.00 price target on shares of Repay in a research report on Tuesday, July 9th. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price objective on shares of Repay in a research report on Wednesday, September 25th. Finally, Barclays dropped their price objective on shares of Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.29.

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.