Private Management Group Inc. Buys 726,058 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Private Management Group Inc. increased its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 71.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,740,150 shares of the company’s stock after purchasing an additional 726,058 shares during the period. Private Management Group Inc.’s holdings in Repay were worth $13,277,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in shares of Repay in the 3rd quarter valued at about $1,122,000. Villanova Investment Management Co LLC grew its holdings in Repay by 71.7% during the third quarter. Villanova Investment Management Co LLC now owns 281,439 shares of the company’s stock valued at $2,297,000 after purchasing an additional 117,573 shares during the period. Millrace Asset Group Inc. increased its stake in Repay by 216.7% in the third quarter. Millrace Asset Group Inc. now owns 323,139 shares of the company’s stock valued at $2,637,000 after purchasing an additional 221,102 shares in the last quarter. Barclays PLC raised its holdings in Repay by 2,382.5% in the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after purchasing an additional 1,427,078 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Repay during the third quarter worth $601,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Trading Up 1.5 %

Shares of RPAY stock opened at $7.57 on Thursday. Repay Holdings Co. has a 12-month low of $7.15 and a 12-month high of $11.27. The firm has a fifty day moving average of $7.72 and a 200-day moving average of $8.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70.

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

Insider Activity at Repay

In related news, CFO Timothy John Murphy sold 57,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the completion of the transaction, the chief financial officer now owns 450,879 shares in the company, valued at approximately $3,719,751.75. This represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on RPAY. Keefe, Bruyette & Woods lowered their price objective on shares of Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.33.

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.