GSA Capital Partners LLP Takes $972,000 Position in Repay Holdings Co. (NASDAQ:RPAY)

GSA Capital Partners LLP purchased a new position in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 119,063 shares of the company's stock, valued at approximately $972,000. GSA Capital Partners LLP owned 0.12% of Repay at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC raised its position in shares of Repay by 182.1% in the second quarter. Millennium Management LLC now owns 2,329,671 shares of the company's stock worth $24,601,000 after buying an additional 1,503,919 shares in the last quarter. River Road Asset Management LLC lifted its stake 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 last quarter. Janus Henderson Group PLC lifted its position in Repay by 8.8% in the first quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company's stock valued at $31,589,000 after purchasing an additional 233,334 shares during the last quarter. American Century Companies Inc. grew its holdings in Repay by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,532,717 shares of the company's stock worth $26,745,000 after acquiring an additional 158,668 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in Repay during the 3rd quarter valued at about $1,122,000. Hedge funds and other institutional investors own 82.73% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RPAY. Benchmark reiterated a "buy" rating and set a $13.00 price target on shares of Repay in a research report on Tuesday, August 13th. Canaccord Genuity Group restated a "buy" rating and issued a $13.00 price objective on shares of Repay in a report on Wednesday. Finally, Barclays dropped their price target on shares of Repay from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Repay has a consensus rating of "Moderate Buy" and an average price target of $12.29.

Insider Activity at Repay

In related news, EVP Jacob Hamilton Moore sold 210,632 shares of the company's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total transaction of $1,750,351.92. Following the transaction, the executive vice president now directly owns 240,130 shares in the company, valued at approximately $1,995,480.30. This represents a 46.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 269,524 shares of company stock valued at $2,222,784. 11.00% of the stock is owned by corporate insiders.

Repay Price Performance

Repay stock traded down $0.14 during mid-day trading on Friday, hitting $7.85. The stock had a trading volume of 752,269 shares, compared to its average volume of 839,958. The company has a current ratio of 2.70, a quick ratio of 3.83 and a debt-to-equity ratio of 0.64. The firm's 50 day moving average is $8.06 and its 200 day moving average is $9.10. The firm has a market capitalization of $767.34 million, a P/E ratio of -9.02 and a beta of 1.44. Repay Holdings Co. has a one year low of $7.03 and a one year high of $11.27.

Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. The company had revenue of $79.15 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. On average, sell-side analysts forecast that Repay Holdings Co. will post 0.74 earnings per share for the current fiscal year.

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.