Royce & Associates LP Sells 497,783 Shares of Repay Holdings Corporation $RPAY

Royce & Associates LP trimmed its stake in shares of Repay Holdings Corporation (NASDAQ:RPAY) by 42.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 681,737 shares of the company’s stock after selling 497,783 shares during the quarter. Royce & Associates LP’s holdings in Repay were worth $2,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in RPAY. Quarry LP bought a new position in shares of Repay during the third quarter worth about $26,000. EverSource Wealth Advisors LLC raised its position in shares of Repay by 224.4% during the second quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock worth $50,000 after acquiring an additional 7,217 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of Repay during the second quarter worth about $62,000. Tower Research Capital LLC TRC raised its position in shares of Repay by 138.8% during the second quarter. Tower Research Capital LLC TRC now owns 14,333 shares of the company’s stock worth $69,000 after acquiring an additional 8,331 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in shares of Repay during the third quarter worth about $78,000. 82.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RPAY. Stephens downgraded Repay from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $7.00 to $3.75 in a research report on Tuesday, May 5th. 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 research report on Monday, March 16th. DA Davidson restated a “buy” rating and set a $8.00 price objective on shares of Repay in a research report on Tuesday, May 5th. Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Finally, 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 research report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Repay presently has an average rating of “Hold” and a consensus price target of $5.54.

Repay Trading Up 2.6%

NASDAQ RPAY opened at $3.88 on Friday. The company has a market cap of $368.44 million, a price-to-earnings ratio of -1.27 and a beta of 1.88. Repay Holdings Corporation has a 52 week low of $2.30 and a 52 week high of $6.05. The business has a 50 day moving average price of $3.31 and a 200-day moving average price of $3.34. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Monday, May 4th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $80.79 million during the quarter, compared to the consensus estimate of $80.48 million. Repay had a positive return on equity of 10.45% and a negative net margin of 82.73%. As a group, equities analysts expect that Repay Holdings Corporation will post 0.73 earnings per share for the current fiscal year.

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.