Empowered Funds LLC Purchases 120,777 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Empowered Funds LLC increased its position in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 34.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 475,818 shares of the company's stock after purchasing an additional 120,777 shares during the quarter. Empowered Funds LLC owned approximately 0.49% of Repay worth $3,630,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in Repay in the third quarter worth about $37,197,000. State Street Corp increased its position 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 purchasing an additional 25,057 shares during the period. Geode Capital Management LLC increased its position in Repay by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,996,937 shares of the company's stock worth $16,298,000 after purchasing an additional 32,613 shares during the period. River Road Asset Management LLC increased its position in Repay by 89.9% in the third quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company's stock worth $15,431,000 after purchasing an additional 895,429 shares during the period. Finally, Private Management Group Inc. increased its position in Repay by 71.6% in the fourth quarter. Private Management Group Inc. now owns 1,740,150 shares of the company's stock worth $13,277,000 after purchasing an additional 726,058 shares during the period. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Timothy John Murphy sold 57,000 shares of Repay stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total transaction of $470,250.00. Following the transaction, the chief financial officer now owns 450,879 shares in the company, valued at $3,719,751.75. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.00% of the stock is currently owned by company insiders.

Repay Stock Up 1.5 %

Shares of NASDAQ:RPAY traded up $0.11 during trading on Friday, hitting $7.41. 546,531 shares of the company's stock traded hands, compared to its average volume of 403,343. Repay Holdings Co. has a 52 week low of $7.08 and a 52 week high of $11.27. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The company has a market cap of $723.44 million, a price-to-earnings ratio of -8.52 and a beta of 1.43. The company has a 50-day moving average price of $7.63 and a 200-day moving average price of $8.00.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RPAY. Canaccord Genuity Group reiterated a "buy" rating and issued a $13.00 price objective on shares of Repay in a research report on Thursday. Keefe, Bruyette & Woods decreased their target price on Repay from $9.00 to $8.00 and set a "market perform" rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Repay currently has a consensus rating of "Moderate Buy" and an average price target of $12.33.

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.