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

Monimus Capital Management LP acquired a new stake in Repay Holdings Co. (NASDAQ:RPAY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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 holdings, 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 & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in RPAY. R Squared Ltd acquired a new stake in shares of Repay in the 4th quarter valued at about $36,000. Blue Trust Inc. increased its holdings in shares of Repay by 57.9% during the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock valued at $46,000 after acquiring an additional 2,077 shares in the last quarter. Olympiad Research LP acquired a new position in shares of Repay during the fourth quarter worth approximately $80,000. Point72 DIFC Ltd bought a new position in shares of Repay in the 3rd quarter worth $99,000. Finally, Entropy Technologies LP acquired a new stake in Repay in the 3rd quarter valued at $109,000. Institutional investors own 82.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RPAY shares. Keefe, Bruyette & Woods dropped their price objective on shares of Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, January 6th. UBS Group cut their price target on Repay from $9.50 to $7.50 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. DA Davidson reissued a "buy" rating and issued a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. Stephens reiterated an "overweight" rating and set a $11.00 price target on shares of Repay in a report on Tuesday, March 4th. Finally, Canaccord Genuity Group cut their price objective on shares of Repay from $13.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Three 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $10.31.

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Repay Stock Performance

Shares of Repay stock traded up $0.12 during trading hours on Monday, hitting $5.79. 521,606 shares of the company's stock traded hands, compared to its average volume of 571,009. The company has a fifty day simple moving average of $7.13 and a 200-day simple moving average of $7.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The stock has a market capitalization of $564.46 million, a price-to-earnings ratio of -6.66 and a beta of 1.54. Repay Holdings Co. has a 12-month low of $5.30 and a 12-month high of $11.27.

Repay Company 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.