Graham Capital Management L.P. Invests $400,000 in Repay Holdings Co. (NASDAQ:RPAY)

Graham Capital Management L.P. acquired a new position in Repay Holdings Co. (NASDAQ:RPAY) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 52,453 shares of the company’s stock, valued at approximately $400,000.

Several other large investors also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. grew its stake in shares of Repay by 1.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 527,241 shares of the company’s stock valued at $4,023,000 after buying an additional 5,324 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of Repay by 58.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 720,818 shares of the company’s stock valued at $5,500,000 after buying an additional 265,777 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of Repay by 41.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 75,097 shares of the company’s stock valued at $573,000 after buying an additional 21,844 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Repay in the 4th quarter valued at about $1,532,000. Finally, Jane Street Group LLC grew its stake in shares of Repay by 21.4% in the 4th quarter. Jane Street Group LLC now owns 60,911 shares of the company’s stock valued at $465,000 after buying an additional 10,745 shares during the period. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Price Performance

RPAY stock opened at $4.10 on Friday. The company has a market capitalization of $399.70 million, a P/E ratio of -4.71 and a beta of 1.61. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. Repay Holdings Co. has a 52-week low of $3.59 and a 52-week high of $11.27. The business has a 50-day simple moving average of $4.80 and a two-hundred day simple moving average of $6.66.

Repay (NASDAQ:RPAY) last posted its earnings results on Monday, May 12th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The firm had revenue of $77.33 million for the quarter, compared to the consensus estimate of $76.06 million. During the same period in the prior year, the business earned $0.23 EPS. Repay’s quarterly revenue was down 4.2% compared to the same quarter last year. Research analysts expect that Repay Holdings Co. will post 0.72 EPS for the current fiscal year.

Repay declared that its board has approved a stock buyback program on Monday, May 12th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 19% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

RPAY has been the subject of several research reports. Canaccord Genuity Group reduced their target price on Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. DA Davidson restated a “buy” rating and issued a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. BMO Capital Markets reduced their target price on Repay from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Tuesday. Keefe, Bruyette & Woods cut their price target on Repay from $6.50 to $4.50 and set a “market perform” rating for the company in a research note on Tuesday. Finally, Stephens reiterated an “overweight” rating and set a $11.00 price target on shares of Repay in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.75.

Insiders Place Their Bets

In other news, President Shaler Alias bought 174,404 shares of the company’s stock in a transaction on Wednesday, May 14th. The shares were purchased at an average price of $4.15 per share, with a total value of $723,776.60. Following the transaction, the president now directly owns 249,404 shares in the company, valued at $1,035,026.60. This represents a 232.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Andrew Sr. Morris bought 163,041 shares of the company’s stock in a transaction on Wednesday, May 14th. The shares were purchased at an average cost of $4.20 per share, for a total transaction of $684,772.20. Following the transaction, the chief executive officer now owns 253,041 shares in the company, valued at approximately $1,062,772.20. This represents a 181.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 439,702 shares of company stock valued at $1,806,974 in the last 90 days. 12.00% of the stock is currently owned by corporate insiders.

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.