Bamco Inc. NY Reduces Stock Position in Repay Holdings Co. (NASDAQ:RPAY)

Bamco Inc. NY reduced its stake in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,758,000 shares of the company's stock after selling 154,915 shares during the period. Bamco Inc. NY owned approximately 3.84% of Repay worth $30,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in RPAY. Paloma Partners Management Co bought a new stake in shares of Repay during the 3rd quarter worth $219,000. Verition Fund Management LLC bought a new position in Repay in the third quarter valued at about $171,000. Millrace Asset Group Inc. grew its holdings in Repay by 216.7% during the 3rd quarter. Millrace Asset Group Inc. now owns 323,139 shares of the company's stock worth $2,637,000 after acquiring an additional 221,102 shares during the last quarter. Quantbot Technologies LP acquired a new position in Repay during the 3rd quarter worth about $601,000. Finally, Bank of Montreal Can lifted its stake in shares of Repay by 8,811.5% in the third quarter. Bank of Montreal Can now owns 1,301,522 shares of the company's stock worth $10,594,000 after acquiring an additional 1,286,917 shares during the period. Institutional investors own 82.73% of the company's stock.

Repay Trading Down 3.1 %

RPAY traded down $0.26 during midday trading on Tuesday, reaching $8.17. The company had a trading volume of 83,643 shares, compared to its average volume of 831,164. The business has a 50-day moving average price of $8.04 and a two-hundred day moving average price of $8.91. Repay Holdings Co. has a 12-month low of $7.04 and a 12-month high of $11.27. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64.

Repay (NASDAQ:RPAY - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, hitting analysts' consensus estimates of $0.23. The company had revenue of $79.15 million during the quarter, compared to analyst estimates of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. Repay's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. On average, sell-side analysts forecast that Repay Holdings Co. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RPAY has been the subject of several research analyst reports. Barclays decreased their price target on shares of Repay from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Monday, August 12th. Benchmark reissued a "buy" rating and set a $13.00 target price on shares of Repay in a research report on Tuesday, August 13th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $13.00 price objective on shares of Repay in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.29.

Insider Buying and Selling

In related news, EVP Jacob Hamilton Moore sold 210,632 shares of Repay stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $8.31, for a total value of $1,750,351.92. Following the completion of the sale, the executive vice president now directly owns 240,130 shares in the company, valued at approximately $1,995,480.30. This trade represents a 46.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 269,524 shares of company stock worth $2,222,784 in the last quarter. Corporate insiders own 11.00% of the company's stock.

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.