Private Management Group Inc. Grows Position in Repay Holdings Corporation $RPAY

Private Management Group Inc. grew its holdings in shares of Repay Holdings Corporation (NASDAQ:RPAY) by 57.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,175,111 shares of the company’s stock after buying an additional 1,520,432 shares during the period. Private Management Group Inc.’s holdings in Repay were worth $20,124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd bought a new position in shares of Repay during the first quarter valued at $361,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Repay in the first quarter worth $701,000. HB Wealth Management LLC purchased a new stake in Repay during the first quarter valued at approximately $726,000. Summit Creek Advisors LLC lifted its position in Repay by 1.1% during the first quarter. Summit Creek Advisors LLC now owns 1,649,748 shares of the company’s stock valued at $9,189,000 after purchasing an additional 18,542 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Repay by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 4,770,074 shares of the company’s stock valued at $26,569,000 after acquiring an additional 82,196 shares during the period. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Trading Up 5.3%

RPAY opened at $3.16 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average is $4.60 and its two-hundred day moving average is $4.87. The company has a market capitalization of $288.63 million, a P/E ratio of -2.31 and a beta of 1.60. Repay Holdings Corporation has a 52 week low of $2.97 and a 52 week high of $8.57.

Repay (NASDAQ:RPAY) last issued its earnings results on Monday, November 10th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $77.73 million during the quarter, compared to analysts’ expectations of $76.92 million. Repay had a positive return on equity of 9.04% and a negative net margin of 39.08%.The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. Analysts forecast that Repay Holdings Corporation will post 0.72 earnings per share for the current year.

Insider Transactions at Repay

In other Repay news, EVP Jacob Hamilton Moore sold 26,385 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $5.89, for a total transaction of $155,407.65. Following the transaction, the executive vice president owned 193,532 shares of the company’s stock, valued at approximately $1,139,903.48. This trade represents a 12.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

RPAY has been the subject of a number of analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $12.00 price target on shares of Repay in a research note on Tuesday, November 11th. DA Davidson reiterated a “buy” rating and set a $10.00 price objective on shares of Repay in a research report on Tuesday, November 11th. Morgan Stanley decreased their price target on Repay from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 12th. Wall Street Zen lowered Repay from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on Repay from $5.00 to $5.75 and gave the company a “market perform” rating in a report on Tuesday, August 12th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.92.

Repay 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.