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

Private Management Group Inc. lifted its holdings in shares of Repay Holdings Corporation (NASDAQ:RPAY) by 30.5% in the 4th quarter, HoldingsChannel.com reports. 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 0.06% of Repay worth $19,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in RPAY. Millennium Management LLC boosted its position in shares of Repay by 24.6% during the first quarter. Millennium Management LLC now owns 2,166,100 shares of the company’s stock worth $12,065,000 after buying an additional 428,289 shares during the period. Empowered Funds LLC boosted its position in shares of Repay by 4.6% during the first quarter. Empowered Funds LLC now owns 497,625 shares of the company’s stock worth $2,772,000 after buying an additional 21,807 shares during the period. Jane Street Group LLC boosted its position in shares of Repay by 57.6% during the first quarter. Jane Street Group LLC now owns 95,979 shares of the company’s stock worth $535,000 after buying an additional 35,068 shares during the period. Creative Planning boosted its position in shares of Repay by 13.0% during the second quarter. Creative Planning now owns 64,340 shares of the company’s stock worth $310,000 after buying an additional 7,381 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Repay by 31.5% during the second quarter. Rhumbline Advisers now owns 174,531 shares of the company’s stock worth $841,000 after buying an additional 41,816 shares during the period. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RPAY. Stephens downgraded Repay from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $7.00 to $3.75 in a research report on Tuesday, May 5th. Weiss Ratings downgraded Repay from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. Canaccord Genuity Group cut their target price on Repay from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Benchmark cut their target price on Repay from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Finally, UBS Group upped their target price on Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.32.

Repay Price Performance

NASDAQ:RPAY opened at $3.42 on Friday. The business’s 50-day moving average price is $3.44 and its 200 day moving average price is $3.36. The firm has a market cap of $324.76 million, a P/E ratio of -1.12 and a beta of 1.86. Repay Holdings Corporation has a 52-week low of $2.30 and a 52-week high of $6.05. 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 earnings results on Monday, May 4th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $80.79 million for the quarter, compared to analyst estimates 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, sell-side analysts predict that Repay Holdings Corporation will post 0.69 earnings per share for the current fiscal year.

Repay Company Profile

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.