Millrace Asset Group Inc. boosted its stake in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 216.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 323,139 shares of the company's stock after purchasing an additional 221,102 shares during the period. Repay comprises approximately 2.7% of Millrace Asset Group Inc.'s portfolio, making the stock its 4th largest position. Millrace Asset Group Inc. owned 0.33% of Repay worth $2,637,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of Repay during the third quarter worth about $601,000. Bank of Montreal Can lifted its holdings in Repay by 8,811.5% during the 3rd quarter. Bank of Montreal Can now owns 1,301,522 shares of the company's stock worth $10,594,000 after buying an additional 1,286,917 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in shares of Repay by 28.2% in the third quarter. Westfield Capital Management Co. LP now owns 43,510 shares of the company's stock valued at $355,000 after acquiring an additional 9,570 shares in the last quarter. Sompo Asset Management Co. Ltd. grew its stake in Repay by 157.1% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 70,190 shares of the company's stock worth $573,000 after purchasing an additional 42,890 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Repay in the 3rd quarter valued at about $164,000. Hedge funds and other institutional investors own 82.73% of the company's stock.
Repay Stock Performance
NASDAQ RPAY traded down $0.12 during trading hours on Tuesday, hitting $8.08. The company had a trading volume of 742,316 shares, compared to its average volume of 839,097. The business has a 50 day moving average of $8.07 and a 200-day moving average of $8.97. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. Repay Holdings Co. has a 1-year low of $7.04 and a 1-year high of $11.27. The company has a market cap of $788.85 million, a PE ratio of -9.32 and a beta of 1.44.
Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.23. The firm had revenue of $79.15 million for the quarter, compared to the consensus estimate of $78.97 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. As a group, equities research analysts expect that Repay Holdings Co. will post 0.73 EPS for the current year.
Insider Buying and Selling at Repay
In other Repay news, EVP Jacob Hamilton Moore sold 7,198 shares of Repay stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $8.18, for a total value of $58,879.64. Following the transaction, the executive vice president now directly owns 140,130 shares in the company, valued at approximately $1,146,263.40. This trade represents a 4.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 269,524 shares of company stock worth $2,222,784. 11.00% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research firms recently weighed in on RPAY. Benchmark restated a "buy" rating and set a $13.00 target price on shares of Repay in a research note on Tuesday, August 13th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $13.00 price objective on shares of Repay in a research report on Wednesday, November 13th. Finally, Barclays decreased their price target on Repay from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $12.29.
Check Out Our Latest Analysis on Repay
About Repay
(
Free Report)
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.
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