CenterBook Partners LP Sells 343,236 Shares of Repay Holdings Co. (NASDAQ:RPAY)

CenterBook Partners LP lessened its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,205,046 shares of the company's stock after selling 343,236 shares during the quarter. CenterBook Partners LP owned about 1.23% of Repay worth $9,195,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of RPAY. Verition Fund Management LLC purchased a new stake in Repay during the third quarter valued at about $171,000. State Street Corp boosted its stake in Repay by 1.1% in the third quarter. State Street Corp now owns 2,276,719 shares of the company's stock worth $18,578,000 after buying an additional 25,057 shares in the last quarter. Wellington Management Group LLP bought a new position in Repay during the third quarter valued at approximately $37,197,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Repay during the third quarter worth approximately $208,000. Finally, Barclays PLC lifted its holdings in shares of Repay by 2,382.5% in the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company's stock worth $12,134,000 after acquiring an additional 1,427,078 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on RPAY shares. Canaccord Genuity Group decreased their target price on shares of Repay from $13.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. UBS Group lowered their target price on Repay from $9.50 to $7.50 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods dropped their target price on Repay from $9.00 to $8.00 and set a "market perform" rating for the company in a report on Monday, January 6th. Barclays lowered their price objective on Repay from $11.00 to $9.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Finally, Stephens restated an "overweight" rating and issued a $11.00 target price on shares of Repay in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Repay presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.31.

Repay Trading Down 4.8 %

Shares of Repay stock traded down $0.22 during midday trading on Monday, reaching $4.35. 260,818 shares of the company's stock traded hands, compared to its average volume of 860,213. The company has a market cap of $424.07 million, a PE ratio of -5.00 and a beta of 1.64. The stock has a 50 day moving average of $6.25 and a 200-day moving average of $7.29. Repay Holdings Co. has a 12 month low of $4.32 and a 12 month high of $11.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70.

About Repay

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.