Monimus Capital Management LP Buys Shares of 282,675 Repay Holdings Co. (NASDAQ:RPAY)

Monimus Capital Management LP bought a new stake in Repay Holdings Co. (NASDAQ:RPAY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 282,675 shares of the company's stock, valued at approximately $2,157,000. Repay accounts for about 2.0% of Monimus Capital Management LP's portfolio, making the stock its 18th biggest position. Monimus Capital Management LP owned 0.29% of Repay at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. R Squared Ltd acquired a new position in Repay in the fourth quarter valued at about $36,000. Blue Trust Inc. boosted its position in Repay by 57.9% in the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock valued at $46,000 after buying an additional 2,077 shares in the last quarter. Olympiad Research LP acquired a new position in Repay in the fourth quarter valued at about $80,000. Point72 DIFC Ltd acquired a new position in Repay in the third quarter valued at about $99,000. Finally, Entropy Technologies LP acquired a new position in Repay in the third quarter valued at about $109,000. Institutional investors own 82.73% of the company's stock.

Repay Trading Down 1.8 %

Shares of RPAY traded down $0.11 on Tuesday, reaching $5.69. 186,181 shares of the company's stock were exchanged, compared to its average volume of 751,350. 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 stock has a market capitalization of $554.22 million, a P/E ratio of -6.53 and a beta of 1.54. The business has a 50 day moving average price of $7.09 and a two-hundred day moving average price of $7.70. Repay Holdings Co. has a 12 month low of $5.30 and a 12 month high of $11.27.

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Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group reduced their price target on shares of Repay from $9.50 to $7.50 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Stephens restated an "overweight" rating and issued a $11.00 price target on shares of Repay in a research report on Tuesday, March 4th. Canaccord Genuity Group reduced their price target 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. Keefe, Bruyette & Woods reduced their target price on shares of Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a research report on Monday, January 6th. Finally, DA Davidson reiterated a "buy" rating and set a $14.00 target price on shares of Repay in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.31.

Repay Profile

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.