Monimus Capital Management LP Invests $2.16 Million in Repay Holdings Co. (NASDAQ:RPAY)

Monimus Capital Management LP acquired a new position in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 282,675 shares of the company's stock, valued at approximately $2,157,000. Repay comprises about 2.0% of Monimus Capital Management LP's portfolio, making the stock its 18th biggest holding. Monimus Capital Management LP owned 0.29% of Repay as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in shares of Repay during the third quarter valued at about $37,197,000. Barclays PLC lifted its position in shares of Repay by 2,382.5% during the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company's stock worth $12,134,000 after buying an additional 1,427,078 shares in the last quarter. Bank of Montreal Can lifted its position in shares of 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. Private Management Group Inc. boosted its stake in shares of Repay by 71.6% in the 4th quarter. Private Management Group Inc. now owns 1,740,150 shares of the company's stock worth $13,277,000 after buying an additional 726,058 shares during the last quarter. Finally, River Road Asset Management LLC grew its holdings in shares of Repay by 31.7% in the fourth quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company's stock valued at $19,006,000 after acquiring an additional 599,840 shares in the last quarter. Institutional investors own 82.73% of the company's stock.

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Analysts Set New Price Targets

A number of analysts recently commented on RPAY shares. DA Davidson reissued a "buy" rating and issued a $14.00 price objective on shares of Repay in a research report on Thursday, February 27th. UBS Group lowered their target price on Repay from $9.50 to $7.50 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. BMO Capital Markets reduced their price target on shares of Repay from $10.00 to $8.00 and set a "market perform" rating for the company in a research report on Tuesday, March 4th. Stephens reissued an "overweight" rating and set a $11.00 target price on shares of Repay in a research report on Tuesday, March 4th. Finally, Canaccord Genuity Group dropped their price target on Repay from $13.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Three investment 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 an average rating of "Moderate Buy" and a consensus target price of $10.31.

Repay Stock Performance

Shares of NASDAQ:RPAY traded down $0.06 during midday trading on Tuesday, reaching $5.73. 656,348 shares of the company traded hands, compared to its average volume of 752,647. Repay Holdings Co. has a 12 month low of $5.30 and a 12 month high of $11.27. The firm's fifty day moving average price is $7.05 and its two-hundred day moving average price is $7.68. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $558.61 million, a price-to-earnings ratio of -6.59 and a beta of 1.54.

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.