Repay Holdings Corporation $RPAY Shares Purchased by Private Management Group Inc.

Private Management Group Inc. boosted its stake in Repay Holdings Corporation (NASDAQ:RPAY) by 30.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,412,492 shares of the company’s stock after acquiring an additional 1,263,399 shares during the period. Private Management Group Inc. owned 5.93% of Repay worth $19,756,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Repay in the third quarter valued at $26,000. EverSource Wealth Advisors LLC increased its holdings in Repay by 224.4% in the second quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock valued at $50,000 after buying an additional 7,217 shares during the last quarter. Captrust Financial Advisors bought a new stake in Repay in the second quarter valued at about $62,000. Tower Research Capital LLC TRC increased its holdings in Repay by 138.8% in the second quarter. Tower Research Capital LLC TRC now owns 14,333 shares of the company’s stock valued at $69,000 after buying an additional 8,331 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in Repay in the third quarter valued at about $78,000. 82.73% of the stock is owned by institutional investors and hedge funds.

Repay Stock Performance

Shares of RPAY stock opened at $3.42 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average of $3.44 and a two-hundred day moving average of $3.36. Repay Holdings Corporation has a 52 week low of $2.30 and a 52 week high of $6.05. The company has a market cap of $324.76 million, a P/E ratio of -1.12 and a beta of 1.86.

Repay (NASDAQ:RPAY) last issued its earnings results on Monday, May 4th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. Repay had a positive return on equity of 10.45% and a negative net margin of 82.73%.The company had revenue of $80.79 million during the quarter, compared to the consensus estimate of $80.48 million. As a group, analysts anticipate that Repay Holdings Corporation will post 0.69 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RPAY. DA Davidson reissued a “buy” rating and issued a $6.00 price objective on shares of Repay in a report on Wednesday, June 3rd. Benchmark lowered their price objective on Repay from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Morgan Stanley lowered their price objective on Repay from $4.00 to $3.50 and set an “equal weight” rating for the company in a report on Tuesday, March 10th. Canaccord Genuity Group lowered their price objective on Repay from $12.00 to $8.00 and set a “buy” rating for the company in a report on Monday, March 16th. Finally, Weiss Ratings lowered shares of Repay from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.32.

About Repay

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.